Actions: Actions Semiconductor Announces Completion of Going Private Transaction

ZHUHAI, China, Dec. 16, 2016 -- Actions Semiconductor Co., Ltd. ("Actions Semiconductor" or the "Company") (NASDAQ-NMS: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced the completion of its merger (the "Merger") with Starman Limited ("Merger Sub", a wholly owned subsidiary of Supernova Investment Ltd. ("Parent"), pursuant to the previously announced agreement and plan of merger dated September 12, 2016 (the "Merger Agreement"), among the Company, Parent, Merger Sub and other certain shareholders of the Company: Surrey Glory Investments Inc., Tongtong Investment Holding Co., Ltd., Perfectech Int'l Ltd., Allpremier Investment Limited, Octovest International Holding Co., Ltd., Ventus Corporation, Middlesex Holdings Corporation Inc, Rich Dragon Consultants Limited, Nutronics Technology Corporation, Uniglobe Securities Limited, New Essential Holdings Limited, Embona Holdings (Malaysia) Limited, Suffolk Dragon Ventures Ltd, and Top Best Development Limited (collectively with Parent, the "Buyer Group"). As a result of the Merger, Merger Sub has merged with and into the Company, with the Company continuing as the surviving company and wholly owned by the Buyer Group.