Tokyo, Japan – February 9, 2007 – Trend Micro Inc. (TSE: 4704; Nasdaq: TMIC) announced that its Chief Executive Officer, Eva Chen, has reached a settlement with the U.S. Securities and Exchange Commission (“SEC”) resolving allegations of alleged violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder involving her spouse, Daniel Chiang, and trading in the securities of SINA Corporation. The company previously disclosed the SEC’s investigation on July 5, 2006. Under the terms of the settlement, Ms. Chen neither admitted nor denied the allegations, and agreed to pay the SEC a civil penalty and not to violate the securities laws.
After being advised of the pending settlement, the company’s Board of Directors met and affirmed its confidence in Ms. Chen’s ability to continue to serve as Chief Executive Officer and as a director.
Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.
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