ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS

HSINCHU, Taiwan, March 15, 2018 /PRNewswire-FirstCall/ --

Full Year 2017 Highlights (as compared to the Full Year 2016):

    --  Net Revenue at US$605.3 Million Compared to US$620.4 Million
    --  Gross Profit of US$109.2 Million Compared to US$122.9 Million
    --  Gross Margin at 18.0% Compared to 19.8%
    --  Net Earnings of US$2.36 Per Diluted ADS Compared to US$1.19 Per Diluted
        ADS; Net Earnings of US$0.12 Per Diluted Common Share Compared to
        US$0.06 Per Diluted Common Share
    --  Generated US$160.4 Million Cash from Operations in 2017
    --  Ended 2017 with Cash and Cash Equivalents Balance of US$271.1 Million
        After Distributing Cash (Including Cash Dividend and Capital Surplus) of
        US$28.9 Million to Shareholders; and Investing US$158.7 Million in CapEx
        in 2017
    --  Completed ChipMOS Shanghai Equity Interest Transfer to Tsinghua Unigroup
        Led Strategic Investors, and Recently Completed Capital Injections.

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2017. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.64 against US$1.00 as of December 29, 2017.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD. ("ChipMOS Shanghai") to Tsinghua Unigroup led investors ("Strategic Investors"). Under Taiwan-IFRS, starting in Q1 2017 the revenue generated by ChipMOS Shanghai is no longer included in the Company's consolidated revenue. The Company, however, recognizes 45.02% of the net income generated from ChipMOS Shanghai on an ongoing basis. Revenue from ChipMOS Shanghai has been excluded from all periods indicated.

Net revenue for the fourth quarter of 2017 was NT$4,408.2 million or US$148.7 million, a decrease of 0.5% from NT$4,431.1 million or US$149.5 million in the third quarter of 2017 and a decrease of 5.5% from NT$4,667.1 million or US$157.5 million for the same period in 2016. Net profit attributable to equity holders of the Company for the fourth quarter of 2017 was NT$163.0 million or US$5.5 million, and NT$0.19 or US$0.01 per basic common share and NT$0.19 or US$0.01 per diluted common share, as compared to net profit attributable to equity holders of the Company for the third quarter of 2017 of NT$162.0 million or US$5.5 million, and NT$0.19 or US$0.01 per basic common share and NT$0.19 or US$0.01 per diluted common share, and compared to net profit attributable to equity holders of the Company in the fourth quarter of 2016 of NT$613.9 million or US$20.7 million, and NT$0.72 or US$0.02 per basic common share and NT$0.72 or US$0.02 per diluted common share.

Net revenue for the fiscal year ended December 31, 2017 was NT$17,940.8 million or US$605.3 million, a decrease of 2.4% from NT$18,387.6 million or US$620.4 million for the fiscal year ended December 31, 2016. Net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2017 was NT$3,026.5 million or US$102.1 million, and NT$3.57 or US$0.12 per basic and NT$3.50 or US$0.12 per diluted common share, compared to net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2016 was NT$1,532.3 million or US$51.7 million, and NT$1.78 or US$0.06 per basic and NT$1.76 or US$0.06 per diluted common share.

S.J. Cheng, Chairman and President of ChipMOS, said, "We are pleased that we were able to achieve revenue in Q4 flat with Q3, despite the continued headwinds in our business, including the lower allocation from our largest DRAM customer, product mix changes in our Niche DRAM business and demand softness for gold bumping services. Our ability to offset the pressure was due to the customer, business and geographic diversification strategy we have been executing for the past few years. As a result, we benefitted from growth in DDIC demand, which is being led by higher driver demand from smartphone customers and stable demand from 4K TV customers. We are also encouraged by strong demand for our NOR Flash business, led by wafer test services, which has resulted in NOR wafer test capacity being fully utilized. Overall, we are optimistic for 2018 and expect to benefit from an increased revenue contribution from higher growth markets, including Automotive and Industrial, 3D optical sensing, TDDI, OLED, and 12 inch fine pitch chip on film ("COF"). Many of these growth opportunities are related to mobile devices, including 18:9 screens and new smartphone models featuring bezel-less panels, along with tablets, and wearable devices. By offering tailored, reliable turnkey solutions that integrate wafer bumping and assembly, with leading edge OSAT services ChipMOS is positioned to drive growth in revenue and profitability capable of building further Shareholder value in 2018 and beyond."

Silvia Su, Senior Director of Finance and Accounting, commented, "We exited 2017 in a very strong competitive and financial position, with net earnings of US$2.36 per diluted ADS or net earnings of US$0.12 per diluted common share. Our core business remains healthy led by our diversification efforts. Our geographic diversification strategy further enhanced our competitive position and long-term growth potential. Importantly, we generated US$160.4 million cash from operations in 2017, ending 2017 with a cash and cash equivalents balance of US$271.1 million. This is after we distributed cash (including cash dividend and capital surplus) of US$28.9 million to shareholders, and invested US$158.7 million in CapEx during 2017. We continue to make significant progress in our efforts to increase return on investment and shareholder value, with catalysts in 2017 including the completion of the sale and transfer of 54.98% equity interests of ChipMOS TECHNOLOGIES (Shanghai) LTD. to Tsinghua Unigroup led strategic investors, and funding of the manufacturing facility. We will maintain a prudent CapEx strategy in 2018 as we continue to support our customers' efforts in existing program areas and in new, high potential growth markets where we can further leverage ChipMOS's technical expertise, geographic footprint and financial strength."


    Selected
     Operations
     Data


                   4Q17            4Q16      FY17            FY16
                   ----            ----      ----            ----

    Revenue by
     segment

       Testing               26.6%     26.6%           27.0%            24.9%

       Assembly              26.0%     31.8%           29.3%            32.0%

       LCD Driver            29.8%     24.6%           26.7%            26.8%

    Bumping                  17.6%     17.0%           17.0%            16.3%


    CapEx          US$35.6 million  US$32.5   US$158.7
                                    million   million        US$105.4 million

       Testing                7.4%     21.2%           17.8%            24.7%

       Assembly              19.2%     23.5%           14.0%            17.7%

       LCD Driver            67.3%     13.5%           55.6%            29.2%

    Bumping                   6.1%     41.8%           12.6%            28.4%


    Depreciation                    US$23.6   US$97.8
     and                            million   million
     amortization
     expenses      US$26.3 million                           US$104.2 million


    Utilization
     by segment

        Testing                79%       81%             79%              70%

        Assembly               62%       67%             66%              64%

        LCD Driver             85%       79%             85%              77%

    Bumping                    66%       68%             69%              68%

        Overall                74%       74%             75%              70%


    Condensed consolidated
     statements of cash flows        Year ended       Year ended

                                    Dec. 31, 2017    Dec. 31, 2016

                                     US$ million      US$ million
                                     -----------      -----------

    Net cash generated from (used
     in) operating activities                  160.4             124.4

    Net cash generated from (used
     in) investing activities                (109.9)          (166.9)

    Net cash generated from (used
     in) financing activities                 (34.2)          (108.8)

    Net increase (decrease) in cash
     and cash equivalents                       16.3           (151.3)

    Effect of exchange rate changes
     on cash                                   (0.6)            (2.5)

    Cash and cash equivalents at
     beginning of period                       255.4             409.2

    Cash and cash equivalents at
     end of period                             271.1             255.4

Investor Conference Call / Webcast Details
ChipMOS will host two conference calls on Thursday, March 15, 2018 to discuss the Company's financial results for the fourth quarter and full year of 2017.

1. Date: Thursday, March 15, 2018
Time: 4:00PM Taiwan (4:00AM New York)
Dial-In: +886-2-21928016
Password: 387437#
Replay Starting 2 Hours After Live Call Ends: www.chipmos.com.tw
Language: Mandarin

2. Date: Thursday, March 15, 2018
Time: 7:00PM Taiwan (7:00AM New York)
Dial-In: +1-201-689-8562
Password: 13676518
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 13676518
Webcast of Live Call and Replay: www.chipmos.com
Language: English

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. ChipMOS along with strategic investors, also owns an advanced facility in Shanghai.

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.

About Non-Generally Accepted Accounting Principles ("Non-GAAP") Financial Measures

To supplement the consolidated financial results presented in accordance with the Taiwan-IFRS, ChipMOS uses non-GAAP free cash flow, non-GAAP earnings before interest, taxes, depreciation and amortization ("EBITDA") and non-GAAP net debt to equity ratio in this press release. The non-GAAP free cash flow represents operating profit plus depreciation, amortization and interest income and less capital expenditures, predecessors' interests, interest expenses, income tax expense and dividend. The non-GAAP EBITDA represents operating profit plus depreciation and amortization. The non-GAAP net debt to equity ratio represents the ratio of net debt, the sum of debt less cash and cash equivalent, divided by equity attributable to equity holders of the Company. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently.

The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the Taiwan-IFRS.

ChipMOS considers the use of non-GAAP free cash flow, non-GAAP EBITDA and non-GAAP net debt to equity ratio provides useful information to management to manage the Company's business and make financial and operational decisions and also to the investors to understand and evaluate the Company's business and operating performance. For more information on these non-GAAP financial measures, please refer to the table captioned "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" in this press release.

- FINANCIAL TABLES FOLLOW BELOW -



                                                                ChipMOS TECHNOLOGIES INC.

                                                UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                         For the Three Months and the Year Ended Dec. 31, 2017 and Dec. 31, 2016

                                                       Figures in Million of U.S. dollars (USD) (1)

                                           Except for Per Share Amounts and Weighted Average Shares Outstanding


                                                               3 months ended                                      Year ended
                                                               --------------                                      ----------

                                                               Dec. 31, 2017                                     Dec. 31, 2016          Dec. 31, 2017           Dec. 31, 2016
                                                               -------------                                     -------------          -------------           -------------

                                                                    USD                                               USD                    USD                      USD
                                                                    ---                                               ---                    ---                      ---

    Revenue (2)                                                                   148.7                                           157.5                   605.3             620.4

    Cost of revenue                                                             (123.4)                                        (125.0)                (496.1)          (497.5)
                                                                                 ------                                          ------                  ------            ------

    Gross profit                                                                   25.3                                            32.5                   109.2             122.9
                                                                                   ----                                            ----                   -----             -----


    Research and development expenses                                             (8.0)                                          (6.9)                 (33.2)           (28.3)

    Sales and marketing expenses                                                  (0.5)                                          (0.6)                  (2.2)            (2.5)

    General and administrative expenses                                           (3.9)                                          (7.9)                 (21.6)           (27.7)

    Other operating income (expenses),                                            (1.6)                                            0.1                    23.4               3.0
       net



    Operating profit                                                               11.3                                            17.2                    75.6              67.4


    Non-operating income (expenses), net                                          (4.1)                                            6.0                  (24.4)           (10.0)
                                                                                   ----                                             ---                   -----             -----


    Profit (loss) before tax                                                        7.2                                            23.2                    51.2              57.4


    Income tax benefit (expense)                                                  (1.7)                                            4.1                  (10.3)           (11.9)
                                                                                   ----                                             ---                   -----             -----


    Profit from continuing operations                                               5.5                                            27.3                    40.9              45.5


    Profit (loss) from discontinued                                                   -                                          (0.7)                   61.2             (4.1)
       operations


    Profit (loss) for the period                                                    5.5                                            26.6                   102.1              41.4
                                                                                    ===                                            ====                   =====              ====


    Attributable to:

    Equity holders of the Company -                                                 5.5                                            21.4                    40.9              55.8
       continuing operations

    Equity holders of the Company -                                                   -                                          (0.7)                   61.2             (4.1)
       discontinued operations

    Predecessors' interests under                                                     -                                            5.9                       -           (10.3)
       common control

                                                                                    5.5                                            26.6                   102.1              41.4
                                                                                    ===                                            ====                   =====              ====


                                                                                                              ChipMOS TECHNOLOGIES INC.

                                                                                        UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)

                                                                                       For the Three Months and the Year Ended Dec. 31, 2017 and Dec. 31, 2016

                                                                                                     Figures in Million of U.S. dollars (USD) (1)

                                                                                         Except for Per Share Amounts and Weighted Average Shares Outstanding


                                                                                                                 3 months ended                                 Year ended
                                                                                                                 --------------                                 ----------

                                                                                                                  Dec. 31, 2017                                Dec. 31, 2016         Dec. 31, 2017         Dec. 31, 2016
                                                                                                                  -------------                                -------------         -------------         -------------

                                                                                                                       USD                                          USD                   USD                    USD
                                                                                                                       ---                                          ---                   ---                    ---

    Other comprehensive income (loss)

    Exchange differences on translation                                                                                                0.1                                     (1.2)                (7.8)            (6.7)
       of  foreign operations

    Profit (loss) on remeasurements of                                                                                                 1.7                                     (1.5)                  1.7             (1.5)
       defined benefit plans

    Share of other comprehensive                                                                                                       0.0                                       0.0                   0.0                 -
       income (loss) of associates and
       joint ventures accounted for using
       equity method

    Income tax effect                                                                                                                (0.3)                                      0.3                 (0.3)              0.2
                                                                                                                                      ----                                       ---                  ----               ---

    Total other comprehensive income                                                                                                   1.5                                     (2.4)                (6.4)            (8.0)
      (loss)



    Total comprehensive income (loss)                                                                                                  7.0                                      24.2                  95.7              33.4
                                                                                                                                       ===                                      ====                  ====              ====


    Attributable to:

    Equity holders of the Company -                                                                                                    7.0                                      20.4                  44.2              54.4
       continuing operations

    Equity holders of the Company -                                                                                                      -                                    (2.1)                 51.5            (10.7)
       discontinued operations

    Predecessors' interests under                                                                                                        -                                      5.9                     -           (10.3)
       common control
                                                                                                                                                                                                                      ---

                                                                                                                                       7.0                                      24.2                  95.7              33.4
                                                                                                                                       ===                                      ====                  ====              ====


    Earnings (loss) per share attributable                                                                                            0.01                                      0.02                  0.12              0.06
      to the Company - basic


    Earnings (loss) per ADS equivalent -                                                                                              0.13                                      0.49                  2.41              1.20
     basic


    Weighted average shares outstanding                                                                                            849,571                                   848,233               846,686           859,644
      (in thousands) - basic


    Profit (loss) attributable to the                                                                                                  5.5                                      20.7                 102.1              51.7
      Company - diluted


    Earnings (loss) per share attributable                                                                                            0.01                                      0.02                  0.12              0.06
      to the Company - diluted


    Earnings (loss) per ADS equivalent -                                                                                                                                     0.49                  2.36              1.19
      diluted
                                                                                                                                      0.13
                                                                                                                                      ====

    Weighted average shares outstanding                                                                                           (854,606                                   852,528               865,795           866,801
      in thousands) - diluted



    Note:

    (1) All U.S. dollar figures in this release are based on the exchange rate of NT$29.64 against US$1.00 as of Dec. 29, 2017. The
    convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the
    future be, converted into US dollars at this or any other exchange rate.

    (2) In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned subsidiary
    ChipMOS Shanghai to Strategic Investors.  Under Taiwan-IFRS, starting in Q1 2017 the revenue generated by ChipMOS
    Shanghai is no longer included in the Company's consolidated revenue.  The Company, however, recognizes 45.02% of the net
    income generated from ChipMOS Shanghai on an ongoing basis.


                                                                ChipMOS TECHNOLOGIES INC.

                                                UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                                         For the Three Months and the Year Ended Dec. 31, 2017 and Dec. 31, 2016

                                                         Figures in Million of NT dollars (NTD)

                                          Except for Per Share Amounts and Weighted Average Shares Outstanding


                                            3 months ended                                      Year ended
                                            --------------                                      ----------

                                            Dec. 31, 2017                                     Dec. 31, 2016             Dec. 31, 2017              Dec. 31, 2016
                                            -------------                                     -------------             -------------              -------------

                                                 NTD                                               NTD                       NTD                        NTD
                                                 ---                                               ---                       ---                        ---

    Revenue (1)                                              4,408.2                                            4,667.1                   17,940.8                    18,387.6

    Cost of revenue                                        (3,658.9)                                         (3,705.5)                (14,703.7)                 (14,745.5)
                                                            --------                                           --------                  ---------                   ---------

    Gross profit                                               749.3                                              961.6                    3,237.1                     3,642.1
                                                               -----                                              -----                    -------                     -------


    Research and development expenses                        (237.6)                                           (203.3)                   (985.9)                    (838.9)

    Sales and marketing expenses                              (14.7)                                            (17.7)                    (64.4)                     (72.9)

    General and administrative expenses                      (116.6)                                           (233.5)                   (639.8)                    (822.0)

    Other operating income (expenses),                        (45.7)                                               3.3                      692.9                        90.3
      net



    Operating profit                                           334.7                                              510.4                    2,239.9                     1,998.6


    Non-operating income (expenses), net                     (122.8)                                             177.0                    (724.4)                    (298.1)
                                                              ------                                              -----                     ------                      ------


    Profit (loss) before tax                                   211.9                                              687.4                    1,515.5                     1,700.5


    Income tax benefit (expense)                              (49.7)                                             121.4                    (303.9)                    (352.1)
                                                               -----                                              -----                     ------                      ------


    Profit from continuing operations                          162.2                                              808.8                    1,211.6                     1,348.4


    Profit (loss) from discontinued                              0.8                                             (20.4)                   1,814.9                     (122.1)
      operations



    Profit (loss) for the period                               163.0                                              788.4                    3,026.5                     1,226.3
                                                               =====                                              =====                    =======                     =======


    Attributable to:

    Equity holders of the Company -                            162.2                                              634.3                    1,211.6                     1,654.4
      continuing operations

    Equity holders of the Company -                              0.8                                             (20.4)                   1,814.9                     (122.1)
      discontinued operations

    Predecessors' interests under                                  -                                             174.5                          -                    (306.0)
      common control

                                                               163.0                                              788.4                    3,026.5                     1,226.3
                                                               =====                                              =====                    =======                     =======


                                                                                                                                    ChipMOS TECHNOLOGIES INC.

                                                                                                              UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)

                                                                                                             For the Three Months and the Year Ended Dec. 31, 2017 and Dec. 31, 2016

                                                                                                                              Figures in Million of NT dollars (NTD)

                                                                                                               Except for Per Share Amounts and Weighted Average Shares Outstanding


                                                                                                       3 months ended                                             Year ended
                                                                                                       --------------                                             ----------

                                                                                                        Dec. 31, 2017                                            Dec. 31, 2016             Dec. 31, 2017          Dec. 31, 2016
                                                                                                        -------------                                            -------------             -------------          -------------

                                                                                                             NTD                                                      NTD                       NTD                    NTD
                                                                                                             ---                                                      ---                       ---                    ---

    Other comprehensive income (loss)

    Exchange differences on translation                                                                                          3.6                                                (34.5)               (232.7)                (200.3)
       of foreign operations

    Profit (loss) on remeasurements of                                                                                          50.8                                                (43.4)                  50.8                  (43.4)
       defined benefit plans

    Share of other comprehensive                                                                                                 0.6                                                     -                   0.6                       -
       income (loss) of associates and
       joint ventures accounted for using
       equity method

    Income tax effect                                                                                                          (8.6)                                                  7.4                  (8.6)                    7.3
                                                                                                                                ----                                                   ---                   ----                     ---

    Total other comprehensive income                                                                                            46.4                                                (70.5)               (189.9)                (236.4)
      (loss)



    Total comprehensive income (loss)                                                                                          209.4                                                 717.9                2,836.6                   989.9
                                                                                                                               =====                                                 =====                =======                   =====


    Attributable to:

    Equity holders of the Company -                                                                                            208.6                                                 605.0                1,309.3                 1,614.0
      continuing operations

    Equity holders of the Company -                                                                                              0.8                                                (61.6)               1,527.3                 (318.1)
      discontinued operations

    Predecessors' interest under                                                                                                   -                                                174.5                      -                (306.0)
      common control

                                                                                                                               209.4                                                 717.9                2,836.6                   989.9
                                                                                                                               =====                                                 =====                =======                   =====


    Earnings (loss) per share attributable                                                                                      0.19                                                  0.72                   3.57                    1.78
      to the Company - basic


    Earnings (loss) per ADS equivalent -                                                                                        3.84                                                 14.47                  71.49                   35.65
      basic


    Weighted average shares outstanding                                                                                      849,571                                               848,233                846,686                 859,644
      (in thousands) - basic


    Profit (loss) attributable to the                                                                                          163.0                                                 613.9                3,026.5                 1,532.3
      Company - diluted


    Earnings (loss) per share attributable                                                                                      0.19                                                  0.72                   3.50                    1.76
      to the Company - diluted


    Earnings (loss) per ADS equivalent -                                                                                        3.81                                                 14.40                  69.91                   35.36
      diluted


    Weighted average shares outstanding                                                                                      854,606                                               852,528                865,795                 866,801
      (in thousands) - diluted



    Note:

    (1) In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned subsidiary
    ChipMOS Shanghai to Strategic Investors.  Under Taiwan-IFRS, starting in Q1 2017 the revenue generated by ChipMOS
    Shanghai is no longer included in the Company's consolidated revenue.  The Company, however, recognizes 45.02% of the net
    income generated from ChipMOS Shanghai on an ongoing basis.




                                                                                                                                 ChipMOS TECHNOLOGIES INC.

                                                                                                                  UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

                                                                                                                      As of Dec. 31, Sep. 30, 2017, and Dec. 31, 2016

                                                                                                                       Figures in Millions of U.S. dollars (USD) (1)


                                                                                                                                                Dec. 31, 2017                  Sep. 30, 2017         Dec. 31, 2016
                                                                                                                                                -------------

    ASSETS                                                                                                                                           USD                            USD                   USD
    ------                                                                                                                                           ---                            ---                   ---

    Current assets

    Cash and cash equivalents                                                                                                                                            271.1                 292.4                  255.4

    Accounts and notes receivable, net                                                                                                                                   135.5                 136.2                  139.7

    Inventories                                                                                                                                                           65.1                  64.5                   63.4

    Non-current assets held for sale, net                                                                                                                                    -                    -                 104.8

    Other current financial assets                                                                                                                                           -                  2.4                    0.1

    Other current assets                                                                                                                                                   7.4                  12.3                    6.7

    Total current assets                                                                                                                                                 479.1                 507.8                  570.1
                                                                                                                                                                         -----                 -----                  -----


    Non-current assets

    Non-current financial assets carried at cost                                                                                                                           0.7                   0.7                    0.3

    Investments accounted for using equity method                                                                                                                        115.8                 116.8                   12.5

    Property, plant & equipment                                                                                                                                          515.0                 505.8                  455.4

    Other non-current assets                                                                                                                                              11.5                   9.6                   17.6
                                                                                                                                                                          ----                   ---                   ----

    Total non-current assets                                                                                                                                             643.0                 632.9                  485.8
                                                                                                                                                                         -----                 -----                  -----

    Total assets                                                                                                                                                       1,122.1               1,140.7                1,055.9
                                                                                                                                                                       =======               =======                =======


    LIABILITIES AND EQUITY
    ----------------------

    LIABILITIES
    -----------

    Current liabilities

    Short-term bank loans                                                                                                                                                 32.7                  26.5                      -

    Accounts payable and payables to contractors and                                                                                                                      47.3                  51.1                   46.4
       equipment suppliers

    Liabilities directly related to non-current assets held                                                                                                                  -                    -                  19.8
       for sale

    Long-term bank loans, current portion                                                                                                                                 72.3                  72.3                   35.8

    Long-term lease obligations payable, current                                                                                                                           0.4                   0.4                    0.4
    portion

    Other current liabilities                                                                                                                                             72.4                  63.2                   54.9

    Total current liabilities                                                                                                                                            225.1                 213.5                  157.3
                                                                                                                                                                         -----                 -----                  -----


    Non-current liabilities

    Long-term bank loans                                                                                                                                                 253.0                 289.3                  326.9

    Long-term lease obligations payable                                                                                                                                    0.6                   0.7                    1.0

    Other non-current liabilities                                                                                                                                         22.9                  24.3                   21.6
                                                                                                                                                                          ----                  ----                   ----

    Total non-current liabilities                                                                                                                                        276.5                 314.3                  349.5
                                                                                                                                                                         -----                 -----                  -----

    Total liabilities                                                                                                                                                    501.6                 527.8                  506.8
                                                                                                                                                                         -----                 -----                  -----


    EQUITY
    ------

    Capital stock - common stock                                                                                                                                         299.0                 299.1                  299.3

    Capital surplus                                                                                                                                                      212.1                 212.3                  232.4

    Retained earnings                                                                                                                                                    143.0                 136.0                   48.1

    Other equity interest                                                                                                                                                  0.4                 (0.5)                   3.3

    Treasury stock                                                                                                                                                      (34.0)               (34.0)                (34.0)
                                                                                                                                                                         -----                 -----                  -----

    Equity attributable to equity holders of the Company                                                                                                                 620.5                 612.9                  549.1

    Total equity                                                                                                                                                         620.5                 612.9                  549.1
                                                                                                                                                                         -----                 -----                  -----

    Total liabilities and equity                                                                                                                                       1,122.1               1,140.7                1,055.9
                                                                                                                                                                       =======               =======                =======


    Note:

    (1) All U.S. dollar figures in this release are based on the exchange rate of NT$29.64 against US$1.00 as of Dec. 29, 2017. The
    convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the
    future be, converted into US dollars at this or any other exchange rate.




                                                                           ChipMOS TECHNOLOGIES INC.

                                                            UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

                                                                As of Dec. 31, Sep. 30, 2017, and Dec. 31, 2016

                                                                    Figures in Millions of NT dollars (NTD)


                                                                                 Dec. 31, 2017                      Sep. 30, 2017        Dec. 31, 2016
                                                                                 -------------

    ASSETS                                                                            NTD                                NTD                  NTD
    ------                                                                            ---                                ---                  ---

    Current assets

    Cash and cash equivalents                                                                     8,035.7                        8,666.9               7,571.4

    Accounts and notes receivable, net                                                            4,015.8                        4,038.7               4,140.2

    Inventories                                                                                   1,929.2                        1,911.2               1,878.0

    Non-current assets held for sale, net                                                               -                             -              3,105.1

    Other current financial assets                                                                      -                          70.7                   1.6

    Other current assets                                                                            220.3                          364.2                 199.7
                                                                                                    -----                          -----                 -----

    Total current assets                                                                         14,201.0                       15,051.7              16,896.0
                                                                                                 --------                       --------              --------


    Non-current assets

    Non-current financial assets carried at cost                                                     20.9                           20.9                  10.0

    Investments accounted for using equity method                                                 3,433.3                        3,461.8                 369.3

    Property, plant & equipment                                                                  15,265.3                       14,992.3              13,497.2

    Other non-current assets                                                                        339.4                          284.1                 523.5
                                                                                                    -----                          -----                 -----

    Total non-current assets                                                                     19,058.9                       18,759.1              14,400.0
                                                                                                 --------                       --------              --------

    Total assets                                                                                 33,259.9                       33,810.8              31,296.0
                                                                                                 ========                       ========              ========


    LIABILITIES AND EQUITY
    ----------------------

    LIABILITIES
    -----------

    Current liabilities

    Short-term bank loans                                                                           969.4                          783.8                     -

    Accounts payable and payables to contractors and                                              1,401.4                        1,515.8               1,375.4
       equipment suppliers

    Liabilities directly related to non-current assets held                                             -                             -                587.6
      for sale

    Long-term bank loans, current portion                                                         2,143.2                        2,142.6               1,062.3

    Long-term lease obligations payable, current portion                                             11.8                           11.6                  11.3

    Other current liabilities                                                                     2,144.8                        1,873.4               1,627.9

    Total current liabilities                                                                     6,670.6                        6,327.2               4,664.5
                                                                                                  -------                        -------               -------


    Non-current liabilities

    Long-term bank loans                                                                          7,498.9                        8,574.5               9,687.7

    Long-term lease obligations payable                                                              18.0                           21.1                  29.3

    Other non-current liabilities                                                                   679.1                          720.5                 641.0
                                                                                                    -----                          -----                 -----

    Total non-current liabilities                                                                 8,196.0                        9,316.1              10,358.0
                                                                                                  -------                        -------              --------

    Total liabilities                                                                            14,866.6                       15,643.3              15,022.5
                                                                                                 --------                       --------              --------


    EQUITY
    ------

    Capital stock - common stock                                                                  8,863.0                        8,864.1               8,869.7

    Capital surplus                                                                               6,288.3                        6,292.6               6,888.8

    Retained earnings                                                                             4,237.9                        4,032.4               1,424.6

    Other equity interest                                                                            11.7                         (14.0)                 98.0

    Treasury stock                                                                              (1,007.6)                     (1,007.6)            (1,007.6)
                                                                                                 --------                       --------              --------

    Equity attributable to equity holders of the Company                                         18,393.3                       18,167.5              16,273.5

    Total equity                                                                                 18,393.3                       18,167.5              16,273.5
                                                                                                 --------                       --------              --------

    Total liabilities and equity                                                                 33,259.9                       33,810.8              31,296.0
                                                                                                 ========                       ========              ========


    RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES

    (Figures in Millions of U.S. dollars (USD))


    The table below sets forth a reconciliation of our operating profit to non-GAAP free cash
     flow for the periods indicated:


                                                   Three months ended
                                                 ------------------

                                                Dec. 31, 2017                   Sep. 30, 2017    Dec. 31, 2016
                                                -------------                   -------------    -------------

                                                     USD                             USD              USD
                                                     ---                             ---              ---

    Operating profit                                       11.3                             13.6              17.2

    Add: Depreciation                                      26.3                             25.1              23.6

             Interest income                                0.5                              0.4               0.3

    Less: Capital
     expenditures                                        (35.6)                          (37.7)           (32.5)

             Predecessors'
              interests                                       -                               -            (5.9)
               under common control

             Interest expense                             (1.6)                           (1.6)            (1.3)

             Income tax expense                           (1.7)                           (2.1)              4.1

             Dividend                                         -                          (28.9)           (60.5)
                                                            ---                           -----             -----

    Non-GAAP free cash
     flow                                                 (0.8)                          (31.2)           (55.0)
                                                           ====                            =====             =====


    The table below sets forth a reconciliation of our operating profit to non-GAAP
     EBITDA for the periods indicated:


                                              Three months ended
                                              ------------------

                                           Dec. 31, 2017                Sep. 30, 2017   Dec. 31, 2016
                                           -------------                -------------   -------------

                                                USD                          USD             USD
                                                ---                          ---             ---

    Operating profit                                 11.3                          13.6             17.2

    Add: Depreciation                                26.3                          25.1             23.6
                                                     ----                          ----             ----

    Non-GAAP EBITDA                                  37.6                          38.7             40.8
                                                     ====                          ====             ====


    The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods
     indicated:


                                            Dec. 31, 2017                         Sep. 30, 2017       Dec. 31, 2016
                                            -------------                         -------------       -------------

                                                 USD                                   USD                 USD
                                                 ---                                   ---                 ---

    Short-term bank
     loans                                               32.7                                   26.5                    -

    Long-term bank
     loans                                              325.3                                  361.6                362.7
       (including
        current
        portion)

    Long-term lease
     obligations
     payable                                              1.0                                    1.1                  1.4
       (including
        current
        portion)

    Less: Cash and
     cash                                             (271.1)                               (292.4)             (255.4)
                 equivalents


    Net debt                                             87.9                                   96.8                108.7
                                                         ----                                   ----                -----

    Equity
     attributable to
     equity                                             620.5                                  612.9                549.1
      holders of the
       Company


    Net debt to
     equity ratio                                       14.2%                                 15.8%               19.8%
                                                         ====                                   ====                 ====

Contacts:


    In Taiwan                 In the U.S.
    ---------                 -----------

    Dr. G.S. Shen             David Pasquale

    ChipMOS TECHNOLOGIES INC. Global IR Partners

    +886-3-5668877            +1-914-337-8801

    g.s._shen@chipmos.com     dpasquale@globalirpartners.com

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SOURCE ChipMOS TECHNOLOGIES INC.