(January 8, 2004) Pleasanton, Calif.—ASAT Holdings Ltd. intends to offer, subject to market and other conditions, approximately $125 million aggregate principal amount of its Senior Notes due 2011, through an offering within the U.S. to qualified institutional buyers—pursuant to Rule 144A under the U.S. Securities Act of 1933 and to persons in offshore transactions in reliance on Regulation S under the United States Securities Act of 1933. The notes would be issued by New ASAT (Finance) Limited, a wholly owned finance subsidiary of ASAT Holdings Limited, and would be guaranteed by ASAT Holdings Limited and its subsidiaries (subject to certain exceptions).