Perfect Corp forms committee to review $1.95 per share buyout proposal

Perfect Corp. (NYSE: PERF) announced that its board of directors has established a special committee to evaluate a preliminary non-binding proposal to take the company private at $1.95 per ordinary share in cash.

The proposal was received on March 18, 2026, from a consortium consisting of CyberLink International Technology Corp. and Alice H. Chang, who serves as Perfect's chairwoman and chief executive officer, along with her controlled entities.

The special committee comprises three independent directors: Philip Tsao as chairman, Chung-Hui (Christine) Jih, and Meng-Shiou (Frank) Lee. The committee has authority to retain independent legal and financial advisors to assist in its evaluation process.

Perfect Corp. operates as an artificial intelligence company providing AI and augmented reality solutions to beauty, fashion, photo and video creative industries. The company runs YouCam consumer applications and provides enterprise services to major brands for product try-on experiences and skin diagnostics.

The company cautioned that neither the board nor the special committee has made any decision regarding the proposal. Perfect stated there is no assurance that a definitive offer will be received, that any agreement will be executed, or that the transaction will be approved or completed.

Perfect Corp. said it does not plan to provide updates on the transaction except as required by applicable law. The information was disclosed in a company press release statement.

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