ChipMOS PROVIDES 1Q17 CONSOLIDATED FINANCIAL FORECAST

HSINCHU, Taiwan, March 16, 2017

Based on Taiwan's applicable regulations, a publicly listed company is prohibited from providing any financial forecast or business guidance publicly if its sum total of the non-operating income and expenses on the consolidated (or individual) financial reports for the most recent four quarters accounts for more than 10 percent of the sum total of the profit before tax.  Otherwise a company may be required to publish a simplified financial forecast for the period concerned.  ChipMOS provided guidance for the first quarter of 2017 in its press release issued on March 9, 2017 as well as in the accompanying investor conference calls hosted by the Company.  Given the Company's non-operating income and expenses for the most recent four quarters are accounted for 18% of the profit before tax, the Taiwan Stock Exchange deemed it was necessary for the Company to publish a simplified financial forecast, as listed below.

ChipMOS TECHNOLOGIES INC. and Subsidiaries (the "Group")

Summary Consolidated Financial Forecast for the First Quarter of 2017

I. Contents of important items:

(All figures in Thousands of New Taiwan Dollars)             

	4Q16 ARIVA.DE Börsen-Geflüster Kurse Chipmos Technologies ADR -   0,00% (Unaudited Figures)	1Q17 (Unaudited Forecasted Figures)
Revenue	4,667,128	4,293,757 ~ 4,480,442
Gross profit	961,573	687,001 ~ 896,088
Operating expenses	454,480	386,438 ~ 492,849
Operating profit	510,384	895,971 ~ 1,061,323
Profit before tax	687,401	560,514 ~ 660,554
Comprehensive income (Note 1)	543,346	1,998,026 ~ 2,274,166
Earnings per share (NT$) (Note 2)	0.72	2.69 ~ 3.00
Acquisition of major assets	964,011	1,181,917 ~ 1,255,025
Disposal of major assets	72,533	2,185,180 ~ 2,321,190

Note:

1. Comprehensive income represents the comprehensive income attributable to equity holders of the Company (excluding non-controlling interests and predecessors' interests under common control).
2. Earnings per share represents the basic earnings per share attributable to equity holders of the Company.

II. Explanation regarding the summary of significant basic assumptions and the bases of estimates:
(All figures in Thousands of New Taiwan Dollars)

1. Consolidated revenue:

The Group's forecasted revenue for the First Quarter of 2017 ("1Q17") is primarily based on the Company's business plan and reflects traditional seasonality and fewer working days in 1Q17 due to Chinese New Year closures.  Consolidated revenue for 1Q17 is forecast to decline 4.0% ~ 8.0% as compared to the prior quarter.  Forecasted figures are provided in the following table:

2. Consolidated cost of revenue:

The Group's forecasted cost of revenue for 1Q17 is primarily based on the expected operating targets and historical experience. Consolidated cost of revenue for 1Q17 is expected to show a decline of 2.7% ~ 3.3%, as compared to the prior quarter. This forecast mainly correlates with the forecast sequential decline in revenue and partially offset by the increased accrual of employees' bonuses based on the increased profit resulted from the recognition of the equity interest disposal gain on the subsidiary, ChipMOS TECHNOLOGIES (Shanghai) LTD. ("ChipMOS Shanghai").  Forecasted figures are provided in the following table:

3. Consolidated operating expenses:

The Group's forecasted operating expenses for 1Q17 are primarily based on historical experience and the Company's operating plan. Consolidated operating expenses for 1Q17 are forecasted to be in the range of down 15.0% to up 8.4% as compared to the prior quarter. Forecasted figures are provided in the following table:

4. Consolidated net other operating incomes and expenses:

The Group's forecasted net other operating incomes and expenses for 1Q17 are primarily based on historical experience and the Company's operating plan.  Consolidated net other operating incomes and expenses for 1Q17 are forecasted to increase 17,992.0% ~ 19,896.4% as compared to the prior quarter. The forecasted increase in net other operating income is primarily due to income from insurance compensation for property, plant and equipment and the recognition of realized disposal gain on property, plant and equipment which was generated from previous inter-company transactions within the Group and reclassified to realized gain once the Group complete the equity interest disposal of the subsidiary, ChipMOS Shanghai.  Forecasted figures are provided in the following table:

5. Consolidated profit before tax:

The Group's profit before tax for 1Q17 is forecasted to be in the range of 3.9% to 18.5% lower as compared to the prior quarter, which primarily reflects foreign exchange losses.  Forecasted figures are provided in the following table:

	4Q16 (Unaudited Figures)	1Q17 (Unaudited Forecasted Figures)
Consolidated profit before tax	687,401	560,514 ~ 660,554
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