Reference is made to the announcement dated 25 August 2016 (“Initial Announcement”) in relation to the Memorandum of Understanding between Aemulus Corporation Sdn Bhd and Peregrine Semiconductor Corporation.

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.

The Board of Directors of the Company wishes to inform that the collaboration is in progress in accordance to the MOU.

This announcement is dated 18 November 2016.