CEO Transition at Kulicke and Soffa Industries

On October 28, 2025, Kulicke and Soffa Industries, Inc. announced that Dr. Fusen Chen will retire as President and CEO, effective December 1, 2025, due to health reasons. Dr. Chen will serve as an advisor to the Board for a 12-month period following his retirement. Lester Wong, the current Executive Vice President and Chief Financial Officer, has been appointed as the Interim CEO. The Board has initiated a search for a permanent CEO, considering both internal and external candidates. Dr. Chen will support Mr. Wong during the transition period. Mr. Wong will receive a monthly cash stipend of S$35,000 and S$600,000 in restricted stock units, which will vest after one year. The Company reaffirmed its fourth quarter fiscal 2025 outlook and plans to announce its financial results on November 19, 2025.