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LG.Philips LCD to Change its Name to LG Display Upon Receiving Approval at the AGM
2008-02-13
Seoul, Korea (February 12, 2008) - LG.Philips LCD (NYSE: LPL, KRX: 034220), a leading innovator of thin-film transistor liquid crystal display (TFT-LCD) technology, announced that it plans to change its corporate name to LG Display upon receiving approval at the company’s annual general meeting of shareholders on February 29.
The new corporate name reflects the company’s business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips’ equity stake, and LG’s commitment to enhanced responsible management.
LG.Philips LCD completed preparations for the name change after the board resolution at the board of directors’ meeting on February 4. Once the change is approved at the annual general meeting on February 29, LG.Philips LCD will register the new company name on March 3. The official new trade name is expected to be LG Display Co., Ltd, and the company will use the trademark of LG Display. The entire process of changing the company name is expected to be completed by the end of June 2008.
“The new name is rooted in expansion of the business scope and shift in the business model, fully expressing the company’s commitment to the future. We will continue to maintain our strategy of putting customer satisfaction first based on product and technology leadership as the global display leader.” said Bang-Soo Lee, Vice President and Head of PR & Public Affairs at LG.Philips LCD.
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About LG.Philips LCD
LG.Philips LCD Co., Ltd [NYSE: LPL, KRX: 034220] is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels. The company manufactures TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG.Philips LCD currently operates seven fabrication facilities and four back-end assembly facilities in Korea, China and Poland. The company has a total of 23,000 employees operating in ten countries around the world. Please visit http://www.lgphilips-lcd.com for more information.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from our forward-looking statements can be found in our filings with the United States Securities and Exchange Commission.
Contact:
Bang-Soo Lee, VP, Public Affairs & PR
LG.Philips LCD
Phone: +822-3777-1020
E-mail: bsleeb@lgphilips-lcd.com
Sue Kim, Senior Manager, Corporate PR
LG.Philips LCD
Phone: +822-3777-0970
E-mail: sue.kim@lgphilips-