Vimicro Announces Shareholders Vote to Approve Going Private Transaction

Vimicro International Corporation

announced today that, at an extraordinary general meeting held today, the Company's shareholders voted in favor of, among others, the proposal to authorize and approve the previously announced Agreement and Plan of Merger dated September 15, 2015 (as amended on November 3, 2015, the "Merger Agreement") and among Vimicro China (Parent) Limited ("Parent"), Vimicro China Acquisition Limited ("Merger Sub") and the Company and the plan of merger between Merger Sub and the Company required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger"), pursuant to which Merger Sub will be merged with and into the Company with the Company continuing as the surviving company as a wholly-owned subsidiary of Parent after the merger (the "merger"), and to authorize and approve any and all transactions contemplated by the Merger Agreement, including the merger. Immediately after the completion of the merger, Parent will be ultimately beneficially owned by Dr. Zhonghan (John) Deng, founder, chairman and chief executive officer of the Company, Mr. Zhaowei (Kevin) Jin, co-chief executive officer and a