Alpha and Omega Semiconductor Limited (“AOS” or the “Company”) (NASDAQ: AOSL) today announced that its Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to $30 million of the Company’s outstanding common shares from time to time.

“This new share repurchase program reflects the Board and management team’s confidence in the AOS’s business strategy, financial performance and execution,” said Stephen Chang, Chief Executive Officer of AOSL. “With a strong balance sheet and disciplined approach to allocate our capital, we are well-positioned to continue investing in our business and technology while delivering value to our shareholders.”

The timing and amount of shares repurchased will depend on the share price, business and market conditions, and other factors. Share repurchases under the repurchase program may be made in the open market, in privately negotiated transactions, or by other methods. We intend to enter into a 10b-5 trading plan to facilitate repurchases of our shares in the open market under this program. The repurchase program may be modified, suspended, or terminated at any time at the discretion of our Board of Directors. We expect to fund repurchases with our existing cash reserve and ongoing cash from operations.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer, and global supplier of a broad range of discrete power devices, wide bandgap power devices, power management ICs, and modules, including a wide portfolio of Power MOSFET, SiC, IGBT, IPM, TVS, HV Gate Drivers, Power IC, and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced packaging know-how to develop high-performance power management solutions. AOS’ portfolio of products targets high-volume applications, including personal computers, graphics cards, datacenters, AI servers, smartphones, consumer and industrial motor controls, TVs, lightings, automotive electronics, and power supply units for various equipment. For more information, please visit www.aosmd.com.

Forward-Looking Statements

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, anticipated benefit of the new share repurchase program. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the state of semiconductor industry and seasonality of our markets; decline of PC markets; our lack of control over the joint venture in China; difficulties and challenges in executing our diversification strategy into different market segments; ordering pattern from distributors and seasonality; changes in regulatory environment, including tariff and trade policies; our ability to introduce or develop new and enhanced products that achieve market acceptance; government policies on our business operations in China; the actual product performance in volume production; the quality and reliability of our product, our ability to achieve design wins; the general business and economic conditions; our ability to maintain factory utilization at a desirable level; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025 filed by AOS with the SEC and other periodic reports we filed with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and AOS undertakes no duty to update such information, except as required under applicable law.

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