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GigaMedia CEO Collin Hwang has Purchased a 173,523 Shares at Average Price of $2.98

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GigaMedia Limited (NASDAQ: GIGM) today announced Monday, that its Chief Executive Officer Collin Hwang has purchased a total of 173,523 shares of GigaMedia stock at an average price of $2.98 during the period between December 18, 2015 and December 23, 2015. The purchases were made during an open window period and in full compliance with all company and legal guidelines. Mr. Hwang's decision to purchase shares reflects his firm confidence in the company.

Mr. Collin Hwang now holds a total of 636,833 shares, an ownership of around 5.76% in the Company.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of online games and cloud computing services. GigaMedia's online games business is an innovative leader in Asia with growing game development, distribution and operation capabilities, as well as platform services for games; focus is on mobile games and social casino games. The company's cloud computing business is focused on providing enterprises in Greater China with critical communications services and IT solutions that increase flexibility, efficiency and competitiveness. More information on GigaMedia can be obtained from www.gigamedia.com.

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