AU Optronics Honored with Best Product and Outstanding Industry Contribution Awards at 2006 Gold Panel Display Awards Ceremony

AU Optronics Honored with Best Product and Outstanding Industry Contribution Awards at 2006 Gold Panel Display Awards Ceremony

May 23, 2006

    HSIN CHU, Taiwan, May 23 /Xinhua-PRNewswire/ -- AU
Optronics Corporation (AUO) (TAIEX: 2409; NYSE: AUO), today
received two major honors at the 2006 Gold Panel Display
Awards Ceremony in Taipei, Taiwan. The "Best Product
Award" and the "Outstanding Industry Contribution
Award" demonstrate AUO's significant achievements in
the flat panel technology industry. AUO's M190EG02, the
world's first 19" desktop monitor panel with 2ms
response time, took home the Best Product Award, while Max
Cheng, Chief Financial Officer of AUO, was honored with the
Outstanding Industry Contribution Award.

    Late last year AUO launched the M190EG02, which is
recognized as the world's first 19" panel for desktop
monitor applications with 2ms response time (gray to gray),
160-degree wide viewing angle, and an 800:1 high contrast
ratio. These three state-of-the-art features of the
M190EG02 are expected to lead the trend of 19" desktop
monitors in the coming years and were what attracted the
award panelists' attention, resulting in the Best Product
Award. The M190EG02 is also the world's first panel that
applies overdrive technology on TN mode liquid crystal
display panels. The M190EG02 is a lead-free product that
conforms to ROHS and green product requirements,
demonstrating that AUO is committed to maintaining the
global environment when developing new products.

    Max Cheng, Vice President and Chief Financial Officer
of AUO, is the first winner of the Outstanding Industry
Contribution Award without a background in R&D. In
2002, Cheng was instrumental in leading AUO to successfully
list on the New York Stock Exchange. In 2006, Cheng was
named "The Best CFO" in Taiwan at the Finance
Asia Annual Best- Managed Company Awards for the third
consecutive year. Cheng was recognized by the panels
because of the key role he has played in terms of
cost-control and ensuring profits for investors in the
rapidly changing TFT-LCD industry while the company
continues to establish new manufacturing facilities. In
addition, Cheng was instrumental in leading AUO to become a
world-class corporation with a solid financial structure and
operating performance. Under Cheng's strategic financial
guidance, AUO's revenue has been growing strongly and
steadily in recent years. AUO's revenue in 2003 amounted to
more than NT$100 billion and in 2005 the company's revenue
topped the NT$200 billion mark. 

    Safe Harbour Notice

    AU Optronics Corp. ("AUO" or the
"Company") (TAIEX: 2409; NYSE: AUO), the world's
third largest manufacturer of large-size TFT-LCD panels,
today announced its unaudited consolidated results of
operations for FY2005. Except for statements in respect of
historical matters, the statements contained in this
Release are "forward-looking statements" within
the meaning of Section 27A of the U.S. Securities Act of
1933 and Section 21E of the U.S. Securities Exchange Act of
1934. These forward-looking statements were based on our
management's expectations, projections and beliefs at the
time regarding matters including, among other things,
future revenues and costs, financial performance,
technology changes, capacity, utilization rates, yields,
process and geographical diversification, future expansion
plans and business strategy. Such forward looking
statements are subject to a number of known and unknown
risks and uncertainties that can cause actual results to
differ materially from those expressed or implied by such
statements, including risks related to the flat panel
display industry, the TFT-LCD market, acceptance and demand
for our products, technological and development risks,
competitive factors, and other risks described in the
section entitled "Risk Factors" in our Form F-3
filed with the United States Securities and Exchange
Commission on July 8th, 2005.

    ABOUT AU OPTRONICS

    AU Optronics Corp. ("AUO") is the world's
third largest manufacturer* of large-size thin film
transistor liquid crystal display panels
("TFT-LCD"), with approximately 14.2%* of global
market share and generated revenue of NT$217.4billion
(US$6.75 bn)* in 2005.  TFT-LCD technology is currently the
most widely used flat panel display technology.  Targeted
for 40"+ sized LCD TV panels, AUO's next generation
(7.5-Generation ) fabrication facility production is
scheduled for mass production in 4Q 2006.  The Company
currently operates one 6th-generation, three
5th-generation, one 4th-generation, and three
3.5-generation TFT- LCD fabs, in addition to four module
assembly facilities and AUO Technology Center specializing
in new technology platform and new product development. 
AUO is one of few top-tier TFT-LCD manufacturers capable of
offering a wide range of small- to large- size
(1.5"-46") TFT-LCD panels, which enables it to
offer a broad and diversified product portfolio.
    *As shown on DisplaySearch Quarterly Large-Area TFT-LCD
Shipment Report dated Mar 1, 2006.  This data is used as
reference only and AUO does not make any endorsement or
representation in connection therewith. 2005 year end
revenue converted by an exchange rate of NTD32.2039:USD1.

    For more information, please contact:

     Yawen Hsiao
     Corporate Communications Dept.
     AU Optronics Corp.
     Tel:   [phone] x3211	 
     Fax:   [phone]	
     Email: [e-mail]

SOURCE  AU Optronics Corp.