ASTT Asat Hldg Ltd American Dep (MM)

HONG KONG and MILPITAS, Calif., March 26 /PRNewswire-FirstCall/ -- ASAT Holdings Limited (NASDAQ:ASTT) (the "Company"), a global provider of semiconductor package design, assembly and test services, today announced that on March 25, 2008 it received notice from the staff of the Nasdaq Stock Market regarding the Nasdaq Hearing Panel's determination on the Company's non-compliance with Nasdaq continuing listing requirements, including maintaining the market value of its listed securities above $35 million, its stockholders equity above $2.5 million, and its net income of at least $500,000 from continuing operations for the most recently completed fiscal year or two of the last three most recently completed fiscal years. The Nasdaq Hearings Panel has determined to delist the Company's securities from The Nasdaq Stock Market, and will suspend trading in the Company's shares effective at the open of business on Thursday, March 27, 2008. (Logo: http://www.newscom.com/cgi-bin/prnh/20080325/AQTU023LOGO) After delisting from the Nasdaq Stock Market, the Company expects that its American Depositary Shares will be traded on the OTC Bulletin Board. About ASAT Holdings Limited ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 19 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 http://www.asat.com/. Safe Harbor This news release contains statements and information that involve risks, uncertainties and assumptions. These statements and information constitute "forward-looking statements" within the meaning of federal securities laws including Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements, including statements regarding trading on the OTC Bulletin Board, involve known and unknown risks, uncertainties, assumptions and other factors that could cause the actual performance of ASAT Holdings Limited to differ materially from those expressed or implied in any forward-looking statement. The risks, uncertainties and other factors also include the risk that an active trading market in the Company's American Depositary Shares will not develop or be maintained on the OTC Bulletin Board or any other trading market and those risks, uncertainties, assumptions and other factors stated in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on October 15, 2007 and the section entitled "Risk Factors" in our current reports on Form 6-K containing our quarterly financial information and filed with the United States Securities and Exchange Commission. The forward-looking statements in this release reflect the current beliefs and expectations of the Company as of this date, and the Company undertakes no obligation to update these projections and forward- looking statements to reflect actual results or events or circumstances that occur after the date of this news release. http://www.newscom.com/cgi-bin/prnh/20080325/AQTU023LOGO http://photoarchive.ap.org/ DATASOURCE: ASAT Holdings Limited CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, , for ASAT Holdings Limited Web site: http://www.asat.com/

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