GigaMedia Announces Purchase of Convertible Note of Aeolus Robotics Corporation

Core Viewpoint - GigaMedia Limited has entered into an agreement to purchase a convertible promissory note from Aeolus Robotics Corporation, indicating a strategic partnership between the two companies [1][3]. Group 1: Investment Details - GigaMedia is purchasing a convertible promissory note with a principal amount of US $2,600,000 from Aeolus Robotics [1]. - The note carries an interest rate of 4.5% per annum and is due in 36 months [2]. - The principal amount may be convertible into ordinary shares of Aeolus at a price of US$ 0.02 per share under certain conditions [2]. Group 2: Strategic Relationship - The transaction reflects a mutual commitment to a longer-term strategic relationship between GigaMedia and Aeolus [3]. - GigaMedia is open to reviewing its investment alternatives and may consider additional transactions involving Aeolus's securities [3]. Group 3: Company Background - GigaMedia Limited is headquartered in Taipei, Taiwan, and operates as a diversified provider of digital entertainment services in Taiwan and Hong Kong [4]. - The company is recognized as an innovative leader in the digital entertainment sector in Asia, focusing on mobile and casual games [4].