MEMSIC announces sale of overallotment shares

January 14, 2008 – MEMSIC Inc. (Nasdaq: MEMS) has announced that the underwriters of its initial public offering have exercised their overallotment option to purchase an additional 823,000 shares of common stock at the initial public offering price of $10 per share, less underwriting discounts and commissions.

Citigroup Global Markets Inc. acted as sole book-running manager for the company’s initial public offering, and Jefferies and Company, Needham & Company, LLC, and Thomas Weisel Partners, LLC acted as co-managers for the transaction.

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