HISTORY

• In December, a business restructuring agreement between Aspocomp Group Oyj and Hong Kong based Meadville Holdings Limited is concluded. Aspocomp transfers its shareholdings in its subsidiaries in China and India as well as certain equipment from the Salo plant to its holding company. In addition, Aspocomp sells a shareholding of 80 percent in the holding company to Meadville for about EUR 61 million. Aspocomp repays its interest bearing liability of EUR 40 million to Standard Chartered Bank and will use the rest of the consideration to partially repay its interest bearing liabilities in Finland and to improve its liquidity.
• In November, the Group reaches an agreement on debt restructuring with its Finnish bank creditors
• In November, Isto Hantila becomes the Group's new CEO
• In July, the Group closes down the heavily unprofitable plant in Salo, Finland
• The Group announces it is in negotiations with potential strategic partners in order to secure its planned investment program and growth in Asia
• Aspocomp raises approximately EUR 25 million, minus fees and expenses, in a rights offering that ended in April
• On March 16, Aspocomp acquires a 49% minority share in its Chinese joint venture.

• Modules division is divested on August 9
• The Group decides to build an HDI printed circuit board plant in Chennai, India. The Board confirms the decision on May 5.
• The name of the Thai subsidiary is changed from P.C.B. Center to Aspocomp (Thailand) Co., Ltd.

• Aspocomp sells its Mechanics business in September
• Asperation, a joint research company of Aspocomp and Perlos, is dissolved and development projects are divided between the companies
• Aspocomp increases its holding in P.C.B. Center to 83 percent

• Maija-Liisa Friman starts as President and CEO of Aspocomp

• All the Aspocomp Group production sites are certified according to the QS 14001

• Aspocomp strengthens its research and development by founding two joint ventures, Asperation Oy and Imbera Electronics Oy
• Grand Opening Ceremony of the Aspocomp Group's China factory with Finland's minister of transportation and communication as the guest of honor

• As the first European printed circuit board (PCB) company Aspocomp starts HDI production in China in December
• Aspocomp increases its holding from 12.5% to 51% in Thai PCB company P.C.B Center in March
• ACP Electronics, joint venture in China, was established together with Chin-Poon Industrial Co., Ltd, a listed Taiwanese PCB company, in January. Aspocomp has a 51% holding

• Share offering in May generates EUR 81 million net
• Aspocomp purchases a 12.5% share in P.C.B. Center, the second biggest PCB company in Thailand in February
• All production sites are QS 9000 and 14000 certified

• Aspocomp Group Oyj was founded following the split of the Aspo Group in October

• Aspocomp expands its hybrid circuit operations by taking over similar operations from Nokia Cororation

• The new Salo plant starts operation

• Aspocomp purchases Metalex Oy`s business in Finland from the Finvest Group