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Lights On! City sparkles as Vivid Sydney lights up for 10th anniversary celebrations

SYDNEY, May 25, 2018 /PRNewswire/ -- Sydney burst into breathtakingly brilliant colour tonight as the lights switched on for the 10th anniversary of Vivid Sydney, the world's largest festival of light, music and ideas. Over the next 23 days and nights, Australia's largest event will transform the city into a colourful showcase of illumination, sensational sounds and creative thinking from 25 May to 16 June 2018. Vivid Sydney 2018 Harbour Lights (credit: Destination NSW) Image gallery of Vivid Sydney available here Broadcast quality footage available here  The 'Lights On' moment, marking the start of the festival, saw all eyes turn to the world-famous Sydney Opera House for the Lighting of the Sails, created this year by award-winning Australian artist, Jonathan Zawada, and featuring fantastical digital sculptures of everyday objects and natural specimens that evolve, dissolve, and metamorphose. This year the lights shine bright each night at nine precincts across Sydney including Barangaroo, Chatswood, Circular Quay, The Rocks, Darling Harbour, Kings Cross, Royal Botanic Garden Sydney, Taronga Zoo and for the first time, Luna Park. New South Wales (NSW) Premier, Gladys Berejiklian said, "It's always such a great feeling to see the city light up in a spectacular symphony of colour and movement, and we can't wait to see all the moments that will excite and delight visitors who are coming to enjoy Vivid Sydney's 10th anniversary celebrations over the next 23 days and nights." NSW Minister for Tourism and Major Events Adam Marshall said Vivid Sydney was an opportunity to showcase not only Sydney, but the entire State. "Vivid Sydney is more than just a captivating light, music and ideas festival -- it drives our economy, attracting hundreds of thousands of overnight visitors to our State," Mr Marshall said. "Nearly 38,000 visitors to Vivid Sydney last year chose to extend their stay in NSW and travel beyond the fringes of Sydney, staying more than 94,000 nights and injecting over $16 million into the State's regional economy. "The NSW Government has worked hard to ensure NSW is the tourism and events capital of Australia and Vivid Sydney showcases our global city to the world, reinforcing Sydney's position as the home of creativity, culture and innovation." Creative Director for Vivid Sydney, Ignatius Jones added, "Vivid Sydney is all about art meeting technology and throwing in a little magic on top of it all to entertain visitors. This year the creative visions of local and international artists have been brought to life as large-scale and interactive installations and projections that transform iconic buildings, landmarks and landscapes; from the Sydney Opera House and Sydney Harbour Bridge, to the natural canvases at the Royal Botanic Garden Sydney and Darling Harbour. We invite everyone to join our colourful celebration of creativity and community." Vivid Sydney's festival of light, music and ideas is the largest of its kind in the world and the largest event in Australia. Here are some of the program highlights for this year's event. VIVID LIGHT It's 'Lights On' at 6pm each night (and 5.30pm at Chatswood and Taronga Zoo), as Sydney's architecture and open spaces become the canvases for mesmerising art projections and interactive installations. Highlights not to miss include: Celebrated Australian artist Jonathan Zawada transforms the Sydney Opera House sails into Metamathemagical, a series of kinetic digital sculptures using imagery inspired by the Australian environment. For the first time, Vivid Sydney includes Luna Park as a precinct, where grand light show, Spirit of Fun on Coney Island, and the Ferris Wheel, will give visitors a front row seat to some of the best views of Sydney Harbour aglow. May Gibbs' beloved characters Snugglepot and Cuddlepie celebrate their 100th anniversary on the facade of Customs House with a joyous adventure through the Australian bush. Barangaroo will host a giant, six metre tall luminescent creature venturing along the waterfront and interacting with visitors in The Liminal Hour, a theatrical display of light and sound. Lights for the Wild returns better than ever at Taronga Zoo, where an adventure through jungle, bush and ocean habitats awaits. New additions join festival favourites, including 'PJ' the 20 metre Port Jackson shark, an epic nine metre Goanna, a Weedy Sea Dragon and Red-Back Spiders. VIVID MUSIC The Vivid Music program will provide a pulsating soundtrack to the festival with a line up of some of the world's best local and international contemporary artists taking to stages throughout the city. Highlights not to miss include: Australian future soul group Hiatus Kaiyote will show why they've been sampled by Drake, Kendrick Lamar and Chance the Rapper when they bring their unique mix of jazz, soul, funk, fusion, hip hop and electronica to the City Recital Hall on 26 May 2018. Young Australian singing sensation, Ruel, will take to the stage of Sydney's iconic Metro Theatre for his first ever solo headline performance. The celebrated soundtrack of Baz Luhrmann's Romeo + Juliet will be brought to life when masquerade-ball-rock-show Young Hearts Run Free revs up the Enmore Theatre on 7 June. Orange is the New Black's Big Boo, Lea DeLaria, brings her sharp wit and sultry vocals to the City Recital Hall on 9 June with her musical comedy, jazz interpretation show as part of the Vivid Jazz series. Vivid LIVE takes over the Sydney Opera House again with a celebration of ambitious and innovative contemporary music. The World Heritage-listed stages will welcome international icons like Solange and Ice Cube as well as DREAMS, the highly anticipated electro-pop collaboration between former Silverchair frontman Daniel Johns and Empire of the Sun's Luke Steele on 29 and 30 May. Californian dream pop cult duo Mazzy Star's Australian debut from 11-13 June will close out Vivid LIVE with their trademark psychedelic-tinged guitar and charming vocals. VIVID IDEAS Australia's most thought-provoking conversations are on the agenda with groundbreakers from technology, science, art, design and culture gathering to explore new ideas and cultivate fresh thinking through forums and workshops. James Cameron headlines the program this year and will speak in front of a sold out crowd. Highlights not to miss include: Futurist and game developer, Jane McGonigal and Artificial Intelligence (AI) expert Kriti Sharma team up on 3 June to discuss what kind of society are we creating with technology as they delve into the latest in AI, Virtual Reality and gaming. Australian global success story and founder of Mambo Clothing, Phantom Records and Deus Ex Machina, Dare Jennings, talks the joys of throwing out the rulebook to create cult brands, in a discussion with broadcaster James Valentine on 27 May. Visual strategist at NASA's Jet Propulsion Laboratory and co-founder of the Museum of Awe, Dan Goods explores the interplay between art and science that has seen his work shown in museums and in outer-space on 3 June. Pioneering environmental activists, surfing and skateboarding icon Peggy Oki, and marine biologist and model Laura Wells, will talk on 6 June about protecting the oceans in the war on plastic, and how you can become an agent of change by turning passion into action. What will our lives be like when we coexist with digital humans? An expert panel will join a computer generated digital person on stage to examine the ethical and societal implications of life with digital artificial humans in Mummy, can I Marry my Avatar? on 16 June. Vivid Sydney is now officially Lights On, so come and experience all it has to offer over the next 23 days and nights. For more festival details and program information, visit www.vividsydney.com or download the mobile app on IOS or Android. There's a new augmented reality function and experience in the app, including access to a hidden art gallery at Fitzroy Gardens in Kings Cross. Stay connected to social media channels for Vivid Sydney for all the latest updates and for last minute advice on getting around the city and Vivid Sydney precincts. Follow Vivid Sydney                                     facebook.com/vividsydneytwitter.com/vividsydney instagram.com/vividsydney  youtube.com/vividsydney                               Hashtags#vividsydney #vividmusic #vividideas #ilovesydney About Vivid Sydney Vivid Sydney is the world's largest festival of light, music and ideas and now the largest event in Australia. For 23 days - from 25 May to 16 June 2018 -- the event places a spotlight on Sydney and reinforces its position as the home of light, creativity, cutting edge music, engaging conversations and the exchange of new ideas. The festival is owned, managed and produced by Destination NSW, the NSW Government's tourism and major events agency. In 2017 Vivid Sydney attracted a record 2.33 million attendees and injected over $143 million into NSW's visitor economy. For more information visit www.vividsydney.com Photo - https://photos.prnasia.com/prnh/20180525/2143512-1

FC Barcelona Summer Training Camp Returns to Haikou

Chance for Young Footballers to Experience Authentic Barca-style and to Train in Club's Original School in Barcelona HONG KONG, May 25, 2018 /PRNewswire/ -- Legendary football club FC Barcelona (FCB) is holding a summer camp at its Mission Hills Haikou Football School, giving young footballers from Hong Kong and mainland China the chance to enjoy an intense week of high-quality coaching and get a taste of what it feels like to play for one of the most successful and best loved football clubs in the world. FC Barcelona Summer training camp will return to Haikou in July this year FC Barcelona is renowned for its fluid style of play and its dedication to youth sports. The summer training camp takes place in Hainan Province at Barca Academy Pro Haikou, the first FCB football school outside of Spain to be fully managed by FC Barcelona. Staffed by Barca coaches, the state-of-the-art FCB training facility is part of Mission Hills' stunning Football Headquarters, which is also an official training ground of the Chinese national teams. Aspiring footballers who attend the Haikou training camp will enjoy professional football skills training based on Barca methodology and instruction in the club's all-important values: respect, effort, ambition, teamwork and humility. They will follow the same training methods as stars like Lionel Messi, Andres Iniesta and Gerard Pique, who came through the Barca Academies programme from a very young age. "This is an incredible opportunity for young footballers to nurture their talent and make friends while they learn important lessons that they can apply in football and in life. All of us at Barca Academy Pro Haikou are honored to have the opportunity to help the footballing stars of tomorrow follow their dreams," said Jordi Camps, Head of Business Development APAC. Keen footballers aged between 6 and 16 year old are invited to now register for the Barca Academy Pro summer camp at Mission Hills Haikou, either as individuals or a team. Attendees can stay at either the 5-star Mission Hills Haikou Hotel or the Hainan Overseas Chinese Middle School dormitory or, alternatively, stay at their own accommodations. The summer training camp will be held in three phases over three weeks: Football Training Camp Week One (July 29 - Aug. 3): (now accepting individual and team registration) Football Training Camp Week Two (Aug. 5 - Aug. 10) (now accepting individual and team registration) Football Training Camp + Championship Week Three (Aug. 12 - Aug. 17) (now accepting team registration only, 8-12 people) At the conclusion of the summer programme, the FC Barcelona coaches will select three outstanding players (one in each phase) to attend the original Barca Escola in Barcelona for a week of extra training. They will also select three lucky players of each phase to receive a Barca jersey autographed by the current team, and three players for complimentary tuition for a semester of training at the Haikou academy. For more information, registration and convenient payment options, parents or coaches can contact Coach Li at the Barca Academy Pro hotline: +86 898-68683888. FC Barcelona is very active in the development of football around the world, with 42 overseas football schools providing training based on the club's methodology and values. Last year, nearly 500 children experienced authentic FC Barcelona youth training at the Barca Academy Pro Haikou Football School's summer and winter training camps. FCB's youth academy and professional training programmes are recognized as world-leading. The club holds the record for the most players with Ballon d'Or awards, with eleven, and the most FIFA World Player of the Year awards, with seven. Photo - https://photos.prnasia.com/prnh/20180525/2143538-1  

Notice of The Nineteenth Annual General Meeting of Shareholders

TAIPEI, Taiwan, May 25, 2018 /PRNewswire/ -- GigaMedia LimitedIncorporated in the Republic of SingaporeRegistration No.: 199905474H REGISTERED OFFICE80 Robinson Road, #02-00Singapore 068898 NOTICE IS HEREBY GIVEN that the 19th annual general meeting of the shareholders of GigaMedia Limited (the "Company") will be held on June 22, 2018 at 11 a.m. local time at Flat C, 7/F, Lucky Horse Industrial Building, 64 Tong Mi Road, Mongkok, Kowloon, Hong Kong, for the following purposes: AS ORDINARY AND SPECIAL BUSINESS ORDINARY RESOLUTIONS: To consider and, if thought fit, to pass, with or without modification, the following resolutions which will be proposed as Ordinary Resolutions: 1.     Adoption of audited financial statements           RESOLVED that Statement by the Directors, Auditor's Report and Audited Financial Statements of the Company for the financial year ended December 31, 2017 are received and adopted.(Resolution 1) 2.     Approval of appointment of auditors           RESOLVED that Deloitte & Touche and Deloitte & Touche LLP be and are hereby appointed as the independent external auditors of the Company until the next Annual General Meeting and that the Directors be and are hereby authorized to fix their remuneration.(Resolution 2) 3.     Approval of Directors' remuneration           RESOLVED that the remuneration of the Directors is hereby approved in an aggregate amount not exceeding US$350,000 in respect of their professional services to the Company until the conclusion of the next Annual General Meeting of the Company. (Resolution 3) 4.     Approval for authority to allot and issue shares           RESOLVED that pursuant to Section 161 of the Companies Act, Chapter 50 of Singapore ("Companies Act"), authority be and is hereby given to the Directors of the Company to: (1)           (a)           issue ordinary shares in the Company ("Shares") whether by way of rights, bonus or otherwise; and/or                (b)           make or grant offers, agreements or options (collectively, "Instruments") that might or would require Shares to be issued, including but not limited to the creation and issue of (as well as adjustments to) options, warrants, debentures or other instruments convertible into Shares,                at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may in their absolute discretion deem fit; and (2)           notwithstanding that the authority conferred by this Resolution may have ceased to be in force, issue Shares pursuant to any Instrument made or granted by the Directors while this Resolution was in force; and (3)           unless varied or revoked by the Company in general meeting, such authority conferred on the Directors of the Company shall continue in force:                (i)             until the conclusion of the next Annual General Meeting of the Company or the date by which the next Annual General Meeting of the Company is required by law to be held whichever is earlier; or                (ii)            in the case of Shares to be issued in pursuance of the Instruments, made or granted pursuant to this Resolution, until the issuance of such Shares in accordance with the terms of the Instruments. (Resolution 4) 5.     Approval for share purchase mandate                 RESOLVED that: (1)           for the purposes of Sections 76C and 76E of the Companies Act, the exercise by the Directors of the Company of all the powers of the Company to purchase or otherwise acquire issued Shares not exceeding in aggregate the Maximum Limit (as hereafter defined), at such price or prices as may be determined by the Directors from time to time up to the Maximum Price (as hereafter defined), by way of market purchase(s) on The Nasdaq Stock Market ("Nasdaq") or off-market purchase(s) on an equal access scheme(s) as may be determined by the Directors as they see fit, which scheme(s) shall satisfy all the conditions of the Companies Act, and otherwise in accordance with all other laws and regulations and rules of Nasdaq as may for the time being be applicable, be and is hereby authorized and approved generally and unconditionally (the "Share Purchase Mandate"); (2)           unless varied or revoked by the Company in a general meeting, the authority conferred on the Directors of the Company pursuant to the Share Purchase Mandate may be exercised by the Directors at any time and from time to time during the period commencing from the date of the passing of this Resolution and expiring on the earlier of:                (a)           the date on which the next Annual General Meeting of the Company is held; and                (b)           the date by which the next Annual General Meeting of the Company is required by law to be held; (3)           in this Resolution:           "Average Closing Price" means the average of the last dealt prices of a Share for the five consecutive trading days on which the Shares are transacted on Nasdaq immediately preceding the date of market purchase by the Company or the date of making the offer pursuant to an equal access scheme and deemed to be adjusted in accordance with the listing rules of Nasdaq for any corporate action which occurs after the relevant five day period;           "Maximum Limit" means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and           "Maximum Price", in relation to a Share to be purchased or acquired pursuant to the Share Purchase Mandate, means the purchase price (excluding brokerage, commission, applicable goods and services tax and other related expenses) which shall not exceed 105% of the Average Closing Price of the Shares; and (4)            the Directors of the Company and/or any of them be and are hereby authorized to complete and do all such acts and things (including executing such documents as may be required) as they and/or he may consider expedient or necessary to give effect to the transactions contemplated and/or authorized by this Resolution. (Resolution 5) 6.     To transact any other business as may properly be transacted at an Annual General Meeting of the Company. NOTES: 1.     Shareholders are cordially invited to attend the Nineteenth Annual General Meeting in person.  Whether or not you plan to be at the Nineteenth Annual General Meeting, you are urged to return your proxy.  A shareholder entitled to attend and vote is entitled to appoint one or more proxies to attend and to vote instead of him. 2.     Shareholders wishing to vote by proxy should complete the attached form. 3.     The proxy form of an individual shareholder shall be signed either by the shareholder personally or by his attorney. The proxy form of a corporate shareholder shall be given either under its common seal or signed on its behalf by an attorney or a duly authorized officer of the corporate shareholder. 4.     A proxy need not be a shareholder of the Company. 5.     The proxy form (and if relevant, the original power of attorney, or other authority under which it is signed or a notarially certified copy of such power or authority) must be deposited at Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717, or the office of the Company, 8F, No. 22, Lane 407, Section 2, Tiding Boulevard, Taipei 114, Taiwan R.O.C., not less than 48 hours before the time for holding the Nineteenth Annual General Meeting, that is by no later than 11 p.m. June 19, 2018 (New York time), or 11 a.m. June 20, 2018 (Taipei time), failing which the proxy shall not be treated as valid. 6.     Electronic Delivery of Future Proxy Materials.  Shareholders can consent to receiving all future proxy statements, proxy card and annual reports electronically via e-mail or the internet. To sign up for electronic delivery, please follow the instructions below relating to "Electronic Delivery of Future Proxy Materials" and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years. 7.       Only shareholders of record at the close of business on April 20, 2018 are entitled to notice of and to vote at the Nineteenth Annual General Meeting, or any adjournment or postponement of the Nineteenth Annual General Meeting. 8.     The Company intends to use internal sources of funds or external borrowings or a combination of both to finance the Company's purchase or acquisition of the Shares pursuant to the Share Purchase Mandate.  The Directors do not propose to exercise the Share Purchase Mandate to such extent that it would materially and adversely affect the financial position of the Company and its subsidiaries.  The amount of financing required for the Company to purchase or acquire its Shares, and the impact on the Company's financial position, cannot be ascertained as at the date of this Notice as this will depend on the number of Shares purchased or acquired, the price at which such Shares were purchased or acquired and whether the Shares purchased or acquired would be held in treasury or cancelled.   BY ORDER OF THE BOARD   /s/ Cheng-Ming Huang………………………………………..Cheng-Ming Huang (aka James Huang)Chairman of the Board and Chief Executive Officer   TABLE OF CONTENTS NOTICE OF ANNUAL MEETING OF SHAREHOLDERS PROXY STATEMENT                     Questions and Answers about the Annual Meeting and Voting          Proposal 1          Proposal 2          Proposal 3          Proposal 4          Proposal 5           Other Matters          Proxy Solicitation     GigaMedia LimitedIncorporated in the Republic of SingaporeRegistration No.: 199905474H REGISTERED OFFICE80 Robinson Road, #02-00Singapore 068898 -----------------------------------------------------PROXY STATEMENT----------------------------------------------------- QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING AND VOTING Why Did I Receive This Proxy Statement?           We sent you this proxy statement and the enclosed proxy card because the Company's Board of Directors is soliciting your proxy to be used at the Company's annual meeting of shareholders on June 22, 2018 at Flat C, 7/F, Lucky Horse Industrial Building, 64 Tong Mi Road, Mongkok, Kowloon, Hong Kong, or at any adjournment or postponement of the meeting.  Who Can Vote?           You are entitled to vote if you owned the Shares on the record date ("Record Date"), which is the close of business on April 20, 2018.  Each Share that you own entitles you to one vote. How Many Shares of Voting Stock Are Outstanding?           On the Record Date, there were 11,052,235 Shares outstanding.  The Shares are our only class of voting stock. What May I Vote On? 1. Adoption of Audited Financial Statements2. Approval of Appointment of Auditors3. Approval of Directors' Remuneration4. Approval for Authority to Allot and Issue Shares5. Approval for Share Purchase Mandate Other Business How Do I Vote?           To vote by proxy, you should complete, sign and date the enclosed proxy card and return it promptly in the prepaid envelope provided. Electronic Delivery of Future Proxy Materials           If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual reports electronically via e-mail or the internet. To sign up for electronic delivery, please go to www.proxyvote.com to indicate that you agree to receive or access proxy materials electronically in future years. May I Revoke My Proxy?           Your proxy may be revoked prior to its exercise by appropriate notice to the undersigned. If I Plan To Attend The Meeting, Should I Still Vote By Proxy?           Whether you plan to attend the meeting or not, we urge you to vote by proxy.  Returning the proxy card will not affect your right to attend the meeting, and your proxy will not be used if you are personally present at the meeting and inform the Secretary in writing prior to the voting that you wish to vote your Shares in person. How Will My Proxy Get Voted?           If you properly fill in your proxy card and send it to us, your proxy holder (the individual named on your proxy card) will vote your Shares as you have directed.  If you sign the proxy card but do not make specific choices, the proxy holder will vote your Shares as recommended by the Board of Directors and the Company's management. How Will Voting On Any Other Business Be Conducted?           Although we do not know of any business to be considered at the meeting other than the proposals described in this proxy statement, if any other business is presented at the meeting, your returned proxy gives authority to the proxy holder to vote on these matters in his discretion. Proposal 1.            ADOPTION OF AUDITED FINANCIAL STATEMENTS           The Company seeks shareholders' adoption of the audited financial statements of the Company (the "Audited Financial Statements"), which have been prepared under Financial Reporting Standards in Singapore ("FRSs") , in respect of the financial year ended December 31, 2017. Along with the Audited Financial Statements, the Company seeks Shareholders' adoption of the Report of the Directors, Statement by the Directors and Auditor's Report of the Company in respect of the same financial year.           Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the Nineteenth Annual General Meeting of the Company ("AGM").           The Board of Directors of the Company (the "Board of Directors") recommends a vote FOR this proposal. Proposal 2.            APPROVAL OF APPOINTMENT OF AUDITORS           The Company seeks Shareholders' approval for the appointment of Deloitte & Touche and Deloitte & Touche LLP as the independent external auditors of the Company to hold such office until the conclusion of the next Annual General Meeting of the Company. The Board of Directors also seeks shareholders' approval to authorize the Board of Directors to fix the remuneration for Deloitte & Touche and Deloitte & Touche LLP in respect of their service to the Company for the financial year ended December 31, 2018.           Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.           The Board of Directors recommends a vote FOR this proposal. Proposal 3.            APPROVAL OF DIRECTORS' REMUNERATION           The Company seeks shareholders' approval on the remuneration of Directors in an aggregated amount not exceeding US$350,000 in respect of their professional services to the Company until the conclusion of the next Annual General Meeting of the Company.           Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.           The Company's management recommends a vote FOR this proposal. Proposal 4.            APPROVAL FOR AUTHORITY TO ALLOT AND ISSUE SHARES           The Company is incorporated in Singapore. Under the Companies Act, Chapter 50 of Singapore (the "Companies Act"), the Directors may exercise any power of the Company to issue new Shares only with the prior approval of the shareholders of the Company at a general meeting. Such approval, if granted, is effective from the date of the general meeting at which the approval was given until the date on which the next Annual General Meeting of the Company is held or is required by law to be held, whichever is earlier.           Shareholders' approval is sought to give Directors authority to allot and issue new Shares and other instruments convertible into Shares during the period from the Nineteenth Annual General Meeting to the earlier of the next Annual General Meeting or the date by which the next Annual General Meeting of the Company is required by law to be held.           Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.           The Board of Directors recommends a vote FOR this proposal. Proposal 5.            APPROVAL FOR SHARE PURCHASE MANDATE           The approval of the Share Purchase Mandate authorizing the Company to purchase or acquire its Shares would give the Company the flexibility to undertake share purchases or acquisitions at any time, subject to market conditions, during the period when the Share Purchase Mandate is in force.           In managing the business of the Company and its subsidiaries (the "Group"), the Company's management strives to increase shareholders' value by improving, inter alia, the return on equity of the Group. A share purchase by the Company is one of the ways through which the return on equity of the Group may be enhanced.           A Share purchase is also an available option for the Company to return surplus cash which is in excess of the financial and possible investment needs of the Group to its shareholders. In addition, the Share Purchase Mandate will allow the Company to have greater flexibility over, inter alia, the Company's share capital structure and its dividend policy.            The Company intends to use internal sources of funds or external borrowings or a combination of both to finance the Company's purchase or acquisition of the Shares pursuant to the Share Purchase Mandate.  The Directors do not propose to exercise the Share Purchase Mandate to such extent that it would materially and adversely affect the financial position of the Group.           Share repurchase programmes may also help buffer short-term share price volatility and off-set the effects of short-term speculators and investors and, in turn, bolster shareholder confidence and employee morale.           Adoption of this proposal requires the affirmative vote of a majority of the votes cast by shareholders entitled to vote at the AGM.           The Board of Directors recommends a vote FOR this proposal. OTHER MATTERS           As of the date of this Proxy Statement, the Company does not intend to present and has not been informed that any other person intends to present any business not specified in this Proxy Statement for action at the Nineteenth Annual General Meeting.           Shareholders are urged to sign the enclosed proxy form and to return it promptly in the enclosed envelope. Proxies will be voted in accordance with shareholders' directions. Signing the proxy form does not affect a shareholder's right to vote at the Nineteenth Annual General Meeting, and the proxy may be revoked prior to its exercise by appropriate notice to the undersigned. PROXY SOLICITATION           The Company will pay the cost of preparing and mailing this proxy statement and form of proxy to its shareholders. The Company has retained Mackenzie Partners, Inc. to request banks and brokers to forward copies of these materials to persons for whom they hold Shares and to request authority for execution of the proxies.   GIGAMEDIA LIMITED /s/ Cheng-Ming Huang………………………………………..Cheng-Ming Huang (aka James Huang)Chairman of the Board and Chief Executive Officer View original content:http://www.prnewswire.com/news-releases/notice-of-the-nineteenth-annual-general-meeting-of-shareholders-300654949.html

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The Belt and Road

China to invest 800 mln USD in Abu Dhabi B&R project

Twelve Chinese companies will invest more than 800 million US dollars in a Belt and Road project in Abu Dhabi, creating more than 2,000 jobs. Agreements have been signed between the companies, 10 of which are from east China's Jiangsu Province, with the Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC), which is in charge of developing 2.2 square kilometers of land at the Khalifa Industrial Zone Abu Dhabi (Kizad). China will build the industrial cooperation demonstration park within Kizad to boost practical cooperation within the framework of the Belt and Road Initiative. The provincial government of Jiangsu said it will build the industrial park into a landmark of China's Belt and Road Initiative, attracting companies from both inside and outside the province. Construction of the industrial park started in January. (ASIA PACIFIC DAILY)

2018-02-08

Li praises foreigners for help in opening-up

China will continue with supply-side structural reform and produce more appealing policies to attract foreign professionals to work here in an enhanced effort at opening-up further in 2018, Premier Li Keqiang said on Monday. "With our country's door to the world opening even wider, we will produce more appealing policies to attract foreign talents to work in China and provide more convenience for your lives here," Li told a gathering of outstanding foreign experts working in China. Ten days ahead of Chinese Lunar New Year, Li attended the annual event in the Great Hall of the People to send greetings and collect wisdom from more than 60 scholars and business leaders on achieving high-quality development, smart manufacturing and improving the quality of higher education. Li expressed his gratitude on behalf of the Chinese government to foreign experts in China for their contribution to the country's progress of modernization and reform. Noting that 2018 marks the 40th anniversary of China's reform and opening-up policy, Li said the government will fully implement the five to 10 year visa policy for foreign experts and issue more favorable policies for foreigners working in China, including easing terms of applications for permanent residency. He said that under the Communist Party of China's strong leadership, with General Secretary Xi Jinping as the core, China's economy remained in good health in 2017, with a better than expected annual growth rate of 6.9 percent, the first acceleration in annual growth in seven years, contributing to more than 30 percent of the world's economic growth. "The Chinese economy will not face drastic fluctuation, as its economic structure has been remarkably improved with consumption leading its growth in the past several years," Li said, ruling out the possibility of a hard landing. The government will comprehensively deepen reform while preparing for all kinds of risks this year, he said. He encouraged experts from overseas to continue to actively participate in China's growth in innovation and industrial upgrading, adding that their ideas will be more than welcomed. Edmund S. Phelps, winner of the 2006 Nobel Prize in Economics and dean of New Huadu Business School in Fujian province, told Li at the meeting that he has just received the new 10-year visa for foreign experts. "It is encouraging to see China creating an increasingly conducive environment for entrepreneurship and innovation," he said. "And I think this open policy will bring more foreign talents to China to showcase their expertise and to join in China's development." John Hopcroft, a foreign member of the Chinese Academy of Sciences, shared his thoughts with the premier on improving the evaluation system of China's higher education. In January, China's State Administration of Foreign Experts Affairs announced easier visa permits for foreign professionals and high-skilled workers who qualified among efforts to bridge the country's gap in foreign experts, with the expiration date of the visa extended to five to 10 years after issuance, with multiple entries and 180-day-stays for a single entry. (CHINA DAILY)

2018-02-06