GigaMedia Appoints New CFO

    HONG KONG, Aug. 19 /Xinhua-EMWNews/ -- GigaMedia Limited

(Nasdaq: GIGM) today announced the appointment of Mr. Quincy Tang as the

company's new Chief Financial Officer.



    Mr. Tang joins GigaMedia from Nasdaq-listed technology leader Vimicro

International Corporation where he was Chief Financial Officer.



    Mr. Tang brings over 20 years of financial and managerial experience to

GigaMedia, having served in a number of leadership positions for Internet,

media, technology and public accounting firms, including five years as

Finance Director for Hong Kong-listed Internet and media company TOM Group

and seven years as an auditor at Deloitte Touche Tohmatsu.



    "We are delighted to have attracted a candidate with Quincy's

background and level of expertise," stated GigaMedia Limited President

Thomas Hui. "With a wealth of knowledge in media, technology, financial

analysis and public company compliance, he is exceptionally well qualified

to lead GigaMedia."



    "I am thrilled to join GigaMedia - an exciting company with a solid

management team and unique business model," stated Quincy Tang. "GigaMedia

has terrific opportunities to continue growing through expansion and

integration of its entertainment platforms, and I look forward to making

contributions that will be accretive to shareholders."



    The appointment is effective immediately. Mr. Tang succeeds Thomas Hui

who has served as interim CFO since his promotion to President and Chief

Operating Officer of GigaMedia Limited in August 2007.



    Mr. Tang graduated from Hong Kong Polytechnic University with a

professional diploma in accountancy and is a fellow member of the Hong Kong

Institute of Certified Public Accountants, the Association of Chartered

Certified Accountants in the United Kingdom and an associate member of the

Hong Kong Institute of Chartered Secretaries.

    About GigaMedia



    GigaMedia Limited (Singapore registration number: 199905474H) is a

major provider of online entertainment software and services. GigaMedia

develops and licenses software for online gaming. GigaMedia also operates

online games businesses including FunTown, a leading Asian casual games

operator and the world's largest online MahJong game site in terms of

revenue, and T2CN, a leading online sports game operator in China. More

information on GigaMedia can be obtained from http://www.gigamedia.com.tw .



    The statements included above and elsewhere in this press release that

are not historical in nature are "forward-looking statements" within the

meaning of the "safe harbor" provisions of the Private Securities

Litigation Reform Act of 1995. GigaMedia cautions readers that

forward-looking statements are based on the company's current expectations

and involve a number of risks and uncertainties. Actual results may differ

materially from those contained in such forward-looking statements.

Information as to certain factors that could cause actual results to vary

can be found in GigaMedia's Annual Report on Form 20-F filed with the

United States Securities and Exchange Commission in June 2008.






    For further information contact:



     Brad Miller

     Investor Relations Director

     Tel:   +886-2-2656-8016

     Email: [email protected]