# EDGAR Filing Document

**Accession Number:** 0001329394
**File Stem:** 0001193125-25-134897
**Filing Date:** 2025-6
**Character Count:** 86687
**Document Hash:** e20aca240f295ac6fcd8d2483b7f4c8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-134897.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0001193125-25-134897

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**EFFECTIVENESS DATE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Silicon Motion Technology CORP
- **CENTRAL INDEX KEY:** 0001329394
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287771
- **FILM NUMBER:** 251023229

**BUSINESS ADDRESS:**
- **STREET 1:** FLAT C, 19/F, WING CHEONG COMMERCIAL BLD
- **STREET 2:** NOS 19-25 JERVOIS STREET
- **CITY:** HONG KONG ISLAND
- **STATE:** K3
- **ZIP:** 000
- **BUSINESS PHONE:** 852 2307 4768

**MAIL ADDRESS:**
- **STREET 1:** FLAT C, 19/F, WING CHEONG COMMERCIAL BLD
- **STREET 2:** NOS 19-25 JERVOIS STREET
- **CITY:** HONG KONG ISLAND
- **STATE:** K3
- **ZIP:** 000

**As filed with the Securities and Exchange Commission on June 4, 2025** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## SILICON MOTION TECHNOLOGY CORPORATION
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Cayman Islands** | **Not Applicable** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

**Flat C, 19/F, Wing Cheong Commercial Building** 

**Nos 19-25 Jervois Street** 

**Hong Kong** 

**(Address of principal executive offices)** 

**Silicon Motion Technology Corporation** 

**2025 Incentive Plan** 

**(Full title of the plan)** 

**Jason Tsai, Chief Financial Officer** 

**690 N. McCarthy Blvd., Suite 200** 

**Milpitas, California 95035** 

**(Name and address of agent for service)** 

**(408) 519-7200** 

**(Telephone number, including area code, of agent for service)** 

***Copies of all communications, including communications sent to agent for service, should be sent to:***

---

| | |
|:---|:---|
| **James Chen**<br> **Billy M.C. Chen**<br> **K&L Gates**<br> **30/F, No. 95 Dun Hua S. Road, Sec. 2**<br> **Taipei 106046, Taiwan, R.O.C.**<br> **Tel: +886 (2) 2326-5188** | **David A. Bartz**<br> **K&L Gates LLP**<br> **222 Second Avenue South, Suite 1700**<br> **Nashville, Tennessee 37201**<br> **Telephone: (615) 780-6700** |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**EXPLANATORY NOTE** 

Silicon Motion Technology Corporation, a Cayman Islands exempted company (the "Company" or the "Registrant"), has filed this Registration Statement on Form S-8 (this "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC" or the "Commission") under the Securities Act of 1933, as amended (the "Securities Act"), to register for issuance 20,000,000 ordinary shares, US$0.01 par value per share ("ordinary shares"), of the Company, represented by 5,000,000 American Depositary Shares ("ADSs") that may be granted or issued under the Silicon Motion Technology Corporation 2025 Incentive Plan (the "2025 Plan"). Each ADS represents four ordinary shares.

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS** 

**Item 1. Plan Information.** 

The information required by this Item 1 is omitted from this Registration Statement in accordance with Rule 428(b)(1) under the Securities Act, and the Note to Part I of Form S-8. The documents containing the information specified in Part I will be delivered to the participants of the 2025 Plan covered by this Registration Statement, as required by Rule 428(b) under the Securities Act. Such documents are not being filed with the SEC as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.

**Item 2. Registrant Information and Employee Plan Annual Information.** 

The information required by this Item 2 is omitted from this Registration Statement in accordance with Rule 428(b)(1) under the Securities Act and the Note to Part I of Form S-8.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The following documents filed or furnished by the Company with the Commission are hereby incorporated by reference in this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's Annual Report on [Form 20-F](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1329394/000119312525107157/d909744d20f.htm) for the fiscal year ended December 31, 2024, filed with the Commission on April 30, 2025 (the "Form 20-F");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's reports of foreign private issuer on Form 6-K furnished with the Commission on [January 7, 2025](http://www.sec.gov/Archives/edgar/data/1329394/000119312525002842/d159760d6k.htm) , [January 24, 2025](http://www.sec.gov/Archives/edgar/data/1329394/000119312525012202/d903206d6k.htm) , [February 6, 2025](http://www.sec.gov/Archives/edgar/data/1329394/000119312525020960/d852766d6k.htm) , [February 6, 2025](http://www.sec.gov/Archives/edgar/data/1329394/000119312525020962/d910912d6k.htm) , [April 25, 2025](http://www.sec.gov/Archives/edgar/data/1329394/000119312525095290/d64324d6k.htm) ,
and [April 30, 2025](http://www.sec.gov/Archives/edgar/data/1329394/000119312525104428/d866776d6k.htm) ; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The description of the ADSs and ordinary shares, contained in the [Exhibit 2.4](http://www.sec.gov/Archives/edgar/data/1329394/000119312523126868/d415084dex24.htm) to the Form 20-F, including any amendment and report subsequently filed for the purpose of updating such description.

In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on or after the date of this Registration Statement, prior to the filing of a post-effective amendment to this Registration Statement indicating that all securities offered hereby have been sold or deregistering all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents.

Any statement contained herein or in any document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except as so modified or superseded.

**Item 4. Description of Securities.** 

Not applicable.

**Item 5. Interests of Named Experts and Counsel.** 

Not applicable.

**Item 6. Indemnification of Directors and Officers.** 

Cayman Islands law does not limit the extent to which a company's memorandum and articles of association may provide for indemnification of officers (which includes members of senior management) and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Under the Company's amended and restated articles of association, the Company is authorized to indemnify its directors, secretary and other officers (which includes members of senior management) for the time being and the liquidator or trustees (if any) for the time being acting in relation to any of the affairs of the Company and everyone of them, and everyone of their heirs, executors and administrators, from and against all actions, costs, charges, losses, damages and expenses which they or any of them, their or any of their heirs, executors or administrators, shall or may incur or sustain by or by reason of any act done, concurred in or omitted in or about the execution of their duty or supposed duty, in their respective offices or trusts provided that any such indemnity shall not extend to any matter in respect of any fraud, dishonesty, willful misconduct or bad faith which may attach to them. The Company's amended and restated articles of association contains a provision by which its shareholders waive any claim or right of action that they may have, whether individually or by or in the right of the Company, against any director on account of any action taken by such director, or the failure of such director to take any action in the performance of his or her duties with or for the Company, except in respect of any fraud or dishonesty of such director.

**Item 7. Exemption from Registration Claimed.** 

Not applicable.

------

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| Exhibit<br>Number | Description |
| &nbsp;&nbsp;&nbsp;&nbsp;4.1 | [Memorandum of Association of the Company (incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form F-1 (file no. 333-125673) filed with the SEC on June 9, 2005).](http://www.sec.gov/Archives/edgar/data/1329394/000119312505123026/dex31.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.2 | [Articles of Association of the Company (incorporated by reference to Exhibit 3.2 to the Company's Registration Statement on Form F-1 (file no. 333-125673) filed with the SEC on June 9, 2005).](http://www.sec.gov/Archives/edgar/data/1329394/000119312505123026/dex32.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.3 | [Specimen of American Depositary Receipt (incorporated by reference to Exhibit 4.1 to the Company's Registration Statement on Form F-1 (file no. 333-125673) filed with the SEC on June 9, 2005).](http://www.sec.gov/Archives/edgar/data/1329394/000119312505123026/dex41.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.4 | [Form of Amended and Restated Deposit Agreement (incorporated by reference to Exhibit 1 to the Company's Registration Statement on Form F-6 (file no. 333-125801) filed with the SEC on December 5, 2013).](http://www.sec.gov/Archives/edgar/data/1201935/000101915513000574/silicondepnreccomp.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;5.1\* | [Opinion of Conyers Dill & Pearman.](d63979dex51.htm) |
| 10.1\* | [Silicon Motion Technology Corporation 2025 Incentive Plan.](d63979dex101.htm) |
| 23.1\* | [Consent of Deloitte & Touche, Independent Registered Public Accounting Firm.](d63979dex231.htm) |
| 23.2\* | [Consent of Conyers, Dill & Pearman (contained in Exhibit 5.1).](d63979dex51.htm) |
| 24.1\* | [Power of Attorney (included on the signature page of this Registration Statement).](d63979ds8.htm#sig) |
| 107\* | [Filing Fee Table.](d63979dexfilingfees.htm) |

---

\* - Filed herewith.

------

**Item 9. Undertakings.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) under the Securities Act if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement; provided, however, that paragraphs (1)(i) and (1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the
Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Taipei, Taiwan on June 4, 2025.

---

| | |
|:---|:---|
| **SILICON MOTION TECHNOLOGY CORPORATION** | **SILICON MOTION TECHNOLOGY CORPORATION** |
| By: | /s/ Wallace C. Kou |
|  | Wallace C. Kou |
|  | President and Chief Executive Officer |

---

**POWER OF ATTORNEY** 

Each person whose signature appears below constitutes and appoints James Chow and Wallace C. Kou, and each of them, his or her true and lawful attorneys-in-fact, each with the power of substitution and resubstitution, for him or her in his or her name, place or stead, in any and all capacities, to sign any or all amendments to this Registration Statement, and to file the same, with exhibits thereto and other documents in connection therewith, with the SEC, hereby ratifying and confirming all that said attorneys-in-fact and their agents or substitutes, may lawfully do or lawfully cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities indicated, in each case on June 4, 2025:

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Wallace C. Kou | President, Chief Executive Officer and Director |
| Wallace C. Kou | (Principal Executive Officer) |
| /s/ Jason Tsai | Chief Financial Officer |
| Jason Tsai | (Principal Financial Officer and Principal Accounting Officer) |
| /s/ James Chow | Chairman of the Board |
| James Chow |  |
| /s/ Steve Chen | Director |
| Steve Chen |  |
| /s/ Tsung-Ming Chung | Director |
| Tsung-Ming Chung |  |
| /s/ Lien-Chun Liu | Director |
| Lien-Chun Liu |  |
| /s/ Han-Ping D. Shieh | Director |
| Han-Ping D. Shieh |  |
| /s/ Kenneth Kuan-Ming Lin | Director |
| Kenneth Kuan-Ming Lin |  |

---

------

---

| | |
|:---|:---|
| /s/ Cain Lin | Director |
| Cain Lin |  |
| /s/ Nelson Duann | Director |
| Nelson Duann |  |

---

------

**SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Silicon Motion Technology Corporation has signed this registration statement on June 4, 2025.

---

| | |
|:---|:---|
| By: | /s/ Jason Tsai |
|  | Name: Jason Tsai |
|  | Title: Chief Financial Officer |

---

## Exhibit 5.1

**Exhibit 5.1** 

---

| | |
|:---|:---|
| ![LOGO](g63979dsp6.jpg) | **CONYERS DILL & PEARMAN** |
| ![LOGO](g63979dsp6.jpg) | <br> 29<sup>th</sup> Floor |
| ![LOGO](g63979dsp6.jpg) | One Exchange Square<br> 8 Connaught Place |
| ![LOGO](g63979dsp6.jpg) | Central |
| ![LOGO](g63979dsp6.jpg) | Hong Kong |
| ![LOGO](g63979dsp6.jpg) | T +852 2524 7106 \| F +852 2845 9268 |
| ![LOGO](g63979dsp6.jpg) | <br> **conyers.com** |

---

4 June 2025

Matter No.: 1008316/110913803

(852) 2842 9530 / 2842 9549

<u>Richard.Hall@conyers.com</u>

<u>Angie.Chu@conyers.com</u>

**Silicon Motion Technology Corporation** 

Flat C, 19/F, Wing Cheong Commercial Building

Nos 19-25 Jervois Street

Hong Kong

Dear Sirs,

---

| | |
|:---|:---|
| Re: | **Silicon Motion Technology Corporation (the "Company")**  |

---

We have acted as special legal counsel in the Cayman Islands to the Company in connection with a registration statement on Form S-8 (the "**Registration Statement**", which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) relating to the registration under the Securities Act of 1933 of the United States, as amended, (the "**Securities Act**") of certain ordinary shares, US$0.01 par value per share, of the Company (the "**Ordinary Shares**") which are to be represented by American Depository Shares ("**ADSs**") issuable pursuant to the Silicon Motion Technology Corporation 2025 Incentive Plan (the "**Incentive Plan**"). Each ADS represents four Ordinary Shares.

**1.** **DOCUMENTS REVIEWED** 

For the purposes of giving this opinion, we have examined copies of the following documents:

1.1 the Registration Statement; and

1.2 the Incentive Plan.

We have also reviewed copies of:

1.3 the amended and restated memorandum and articles of association of the Company certified by the Secretary of
the Company on 4 June 2025;

Partners: Piers J. Alexander, Crystal C. Au-Yeung, Christopher W. H. Bickley, Peter H. Y. Ch'ng, Anna W. T. Chong, Angie Y. Y. Chu, Vivien C. S. Fung, Richard J. Hall, Norman Hau, Wynne Lau, Ryan A. McConvey, Teresa F. Tsai, Flora K. Y. Wong, Lilian S. C. Woo

Consultant: David M. Lamb

**BERMUDA \| BRITISH VIRGIN ISLANDS \| CAYMAN ISLANDS** 

------

1.4 the written resolutions of the directors of the Company dated 4 June 2025 (the "**Board Resolutions** ");

1.5 a Certificate of Good Standing issued by the Registrar of Companies in relation to the Company on 2 June
2025 (the "**Certificate Date** "); and

1.6 such other documents and made such enquiries as to questions of law as we have deemed necessary in order to
render the opinion set forth below.

**2.** **ASSUMPTIONS** 

We have assumed:

2.1 the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether
or not certified) of all documents examined by us and the authenticity and completeness of the originals from which such copies were taken;

2.2 that where a document has been examined by us in draft form, it will be or has been executed and/or filed in
the form of that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention;

2.3 the accuracy and completeness of all factual representations made in the Registration Statement and the
Incentive Plan and other documents reviewed by us;

2.4 that the Board Resolutions were passed at one or more duly convened, constituted and quorate meetings or by
unanimous written resolutions, remain in full force and effect and have not been rescinded or amended;

2.5 that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any
implication in relation to the opinions expressed herein;

2.6 that there is no provision of any award agreement, incentive share option, restricted shares or restricted
share units or otherwise granted pursuant to the Incentive Plan, which would have any implication in relation to the opinions expressed herein;

2.7 that upon issue of the Ordinary Shares, the Company will receive consideration for the full issue price thereof
which shall be equal to at least the par value thereof;

2.8 that on the date of issuance of any of the Ordinary Shares, the Company will have sufficient authorised but
unissued Ordinary Shares;

2.9 the validity and binding effect under the laws of the United States of America of the Registration Statement in
accordance with its terms and that the Registration Statement will be duly filed with the U.S. Securities and Exchange Commission (the "Commission") and have become effective prior to the issue by the Company of any Ordinary Shares under
the Incentive Plan;

**conyers.com \| 2** 

------

2.10 the Company has not taken any action to appoint a restructuring officer;

2.11 that on the date of issuing of any Ordinary Shares, the Company is able to pay its liabilities as they become
due; and

2.12 the issue of the Ordinary Shares is made in accordance with the terms and conditions of the Incentive
Plan.

**3.** **QUALIFICATIONS** 

3.1. We express no opinion as to the enforceability of any provision of the Incentive Plan which purports to fetter
the statutory powers of the Company.

3.2. We express no opinion with respect to the issuance of Ordinary Shares pursuant to any provision of the
Incentive Plan that purports to obligate the Company to issue Ordinary Shares following the commencement of a winding up or liquidation.

3.3. We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than
the Cayman Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands. This opinion is issued solely
for the purposes of the filing of the Registration Statement and the issuance of the Ordinary Shares by the Company pursuant to the Incentive Plan and is not to be relied upon in respect of any other matter.

**4. OPINION** 

On the basis of and subject to the foregoing, we are of the opinion that:

4.1 The Company is duly incorporated and existing under the law of the Cayman Islands and, based on the Certificate
of Good Standing, is in good standing as at the Certificate Date. Pursuant to the Companies Act (the "**Act** "), a company is deemed to be in good standing if all fees and penalties under the Act have been paid and the Registrar of
Companies has no knowledge that the Company is in default under the Act.

4.2 The Ordinary Shares to be issued by the Company pursuant to the Incentive Plan and registered under the
Registration Statement have been duly authorised and when issued and paid for as contemplated by the Incentive Plan, the Ordinary Shares will be validly issued, fully paid and non-assessable (which term when
used herein means that no further sums are required to be paid by the holders thereof in connection with the issue thereof).

**conyers.com \| 3** 

------

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not hereby admit that we are experts within the meaning of Section 11 of the Securities Act or that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.

Yours faithfully,

![LOGO](g63979dsp9.jpg)

**Conyers Dill & Pearman** 

**conyers.com \| 4**

## Exhibit 10.1

**Exhibit 10.1** 

**SILICON MOTION TECHNOLOGY CORPORATION** 

**2025 INCENTIVE PLAN** 

**Article 1. Establishment, Purpose and Duration** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 Establishment**. Silicon Motion Technology Corporation, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the "**Company**"), establishes an incentive compensation plan to be known as the Silicon Motion Technology Corporation 2025 Incentive Plan (as may be amended from time to time, this "**Plan**"), as set forth in this document.

This Plan permits the grant of Options and RSUs.

This Plan shall become effective on June 4, 2025 (the "**Effective Date**") and shall remain in effect as provided in Section 1.3. Upon effectiveness of the Plan, the Plan will replace, and no further awards shall be made under, the Company's 2015 Incentive Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 Purpose**. The purpose of this Plan is to provide a means whereby Employees, Directors or Service Providers of the Company and its Affiliates develop a sense of proprietorship and personal involvement in the development and financial success of the Company, and to encourage them to devote their best efforts to the business of the Company, thereby advancing the interests of the Company and its shareholders.

A further purpose of this Plan is to provide a means through which the Company may attract able individuals to become Employees, or serve as Directors or Service Providers of the Company or its Affiliates, and to provide a means whereby those individuals upon whom the responsibilities of the successful administration and management of the Company or its Affiliates are of importance, can acquire and maintain share ownership, thereby strengthening their concern for the welfare and future development of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3 Duration of this Plan**. Unless sooner terminated as provided in this Plan, this Plan shall terminate ten (10) years from the Effective Date. After this Plan is terminated, no Awards may be granted, but any Award previously granted shall remain outstanding in accordance with the terms and conditions of this Plan and such Award's Award Document.

**Article 2. Definitions** 

Whenever used in this Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter of the word shall be capitalized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1 "ADS"** means American depositary share, each ADS representing four (4) Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2 "Affiliate"** means any individual, corporation, partnership, association, joint-stock company, trust, unincorporated association or other entity (other than the Company) that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with, the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3 "Award"** means, individually or collectively, a grant under this Plan of an Option or RSUs subject to the terms and conditions of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4 "Award Document"** means either (a) a written agreement entered into by the Company and a Participant setting forth the terms and conditions applicable to an Award, or (b) a written statement issued by the Company to a Participant describing the terms and conditions of such Award, both of which may be in electronic format.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5 "Board"** means the board of directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.6 "Change in Control"** means any of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the acquisition, directly or indirectly, by any Person or group (within the meaning of Section 13(d)(3) of
the Exchange Act) of the beneficial ownership of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of all issued and outstanding securities of the Company, *provided* that, as of the Effective
Date, such Person or group did not hold, directly or indirectly, beneficial ownership of securities of the Company possessing fifty percent (50%) or more of the total combined voting power of all issued and outstanding securities of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a merger or consolidation in which the Company is not the surviving entity, except for a transaction in which
the holders of the issued and outstanding voting securities of the Company immediately prior to such merger or consolidation hold, in the aggregate, securities possessing more than fifty percent (50%) of the total combined voting power of all issued
and outstanding voting securities of the surviving entity immediately after such merger or consolidation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a reverse merger in which the Company is the surviving entity but in which securities possessing more than
fifty percent (50%) of the total combined voting power of all issued and outstanding voting securities of the Company are transferred to or acquired by a Person or Persons different from the Persons holding directly or indirectly those securities
immediately prior to such merger;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the sale, transfer or other disposition (in one transaction or a series of related transactions) of all or
substantially all of the assets of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the approval by the shareholders of a plan or proposal for the liquidation, dissolution or winding-up of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) as a result of, or in connection with, any cash tender or exchange offer, merger or other business combination,
sale of assets or contested election, or any combination of the foregoing transactions (a "**Transaction** "), the Directors before the Transaction will cease to constitute a majority of the Directors of the Company or any successor
thereto.

Notwithstanding the foregoing, in no event will a Change in Control be considered to have occurred as a result of: (i) the distribution by the Company to its shareholder(s) of stock in an Affiliate; (ii) the contribution by the Company of some or all of its assets in a transaction governed by Section 351 of the Code; (iii) any inter-company sale or transfer of assets between the Company and any Affiliate thereof; (iv) a dividend distribution by the Company; (v) a loan by the Company to any third party or an Affiliate; (vi) a Transaction, or series of Transactions, after which an Affiliate of the Company before such Transaction or series of Transactions, is either directly or indirectly in control of the Company thereafter; or (vii) if the controlling shareholder of the Company is a trust, the acquisition, directly or indirectly, of the beneficial ownership of securities of the Company by any beneficiary of such trust if such beneficiary has a greater than twenty-five percent (25%) interest in such trust, or any descendants, spouse, estate or heirs of any such beneficiary, or a trust established for such beneficiary or for any descendants, spouse or heirs of such beneficiary; and *provided further* that if it is determined that an Award hereunder is "nonqualified deferred compensation" subject to the requirements of Section 409A of the Code and payable upon a Change in Control, the Company will not be deemed to have undergone a Change in Control unless the Company is deemed to have undergone a "change in control event" pursuant to the definition of such term in Section 409A of the Code.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.7 "Code"** means the Internal Revenue Code of 1986, as amended from time to time. References to the Code shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.8 "Committee"** means the compensation committee of the Board or a subcommittee thereof, or any other committee (including a committee of one individual) designated by the Board to administer this Plan. The members of the Committee shall be appointed from time to time by and shall serve at the discretion of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.9 "Company"** has the meaning set forth in Section 1.1, and any successor thereto as provided in Article 13.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.10 "Director"** means any individual who is a member of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.11 "Effective Date"** has the meaning set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.12 "Employee"** means any employee of the Company or an Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.13 "Exchange Act"** means the Securities Exchange Act of 1934, as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.14 "Exercise Price"** means the price at which a Share may be purchased by a Participant pursuant to an Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.15 "FMV"** means a price that is based on the opening, closing, actual, high, low or average selling prices of a Share or an ADS, reported on The Nasdaq Stock Market LLC or other established stock exchange or market upon which the Shares or ADSs are then listed and/or traded on the applicable date, the preceding trading day, the next succeeding trading day or an average of trading days, as determined by the Committee in its discretion. Unless the Committee determines otherwise, if the Shares or ADSs are traded over-the-counter at the time a determination of its FMV is made under this Plan, its FMV shall be deemed to be equal to the average between the reported high and low or closing bid and asked prices of a Share or ADS on the most recent date on which Shares or ADSs were publicly traded. In the event Shares or ADSs are not publicly traded at the time a determination of their value is made under this Plan, the determination of their FMV shall be made by the Committee in such manner as it deems appropriate. Such determination(s) of FMV shall be specified in each Award Document and may differ depending on whether FMV is in reference to the grant, exercise, vesting, settlement or payout of an Award. Notwithstanding the foregoing, for purposes of Options granted to a Participant subject to U.S. income taxation that are intended to be exempt from the application of Section 409A of the Code pursuant to Treasury Regulation 1.409A-1(b)(5)(i)(A), FMV shall be determined in accordance with Treasury Regulation Section 1.409A-1(b)(5)(iv)(A). In addition, for income and employment tax and/or social security withholding or reporting purposes under U.S. federal, state, local or non-U.S. law, including, without limitation, where FMV is used in reference to exercise, vesting, settlement or payout of an Award, FMV may be based on the closing or last price of a Share on the composite tape or other comparable reporting system on the day prior to such exercise or vesting, settlement or payout, or if the applicable date is not a trading day, the trading day immediately preceding such prior day. In all cases, the determination of FMV by the Company shall be conclusive and binding on all persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.16 "Option"** means an Award that is granted under Article 6, and is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.17 "Participant"** means any eligible individual as set forth in Article 5 to whom an Award is granted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.18 "Period of Restriction"** means the period when RSUs are subject to a substantial risk of forfeiture (based on the passage of time, the achievement of performance goals or upon the occurrence of other events as determined by the Committee, in its discretion), as provided in Article 7.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.19 "Person"** shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including a "group" as defined in Section 13(d) thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.20 "Plan"** has the meaning set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.21 "RSU"** means an Award, designated as a "restricted share unit", granted under Article 7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.22 "Service Provider"** means any individual who serves as a consultant, agent, advisor or independent contractor who renders services to the Company or an Affiliate (a) other than in connection with the offer and sale of the Company's securities in a capital raising transaction and (b) who does not directly or indirectly promote or maintain a market for the Company's securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.23 "Share"** means an ordinary share of the Company, US$0.01 par value per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.24 "Share Authorization"** has the meaning set forth in Section 4.1.

**Article 3. Administration** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 General**. The Committee shall be responsible for administering this Plan, subject to this Article 3 and the other provisions of this Plan. The Committee may employ attorneys, consultants, accountants, agents and other individuals, any of whom may be an Employee or Service Provider, and the Committee, the Company and its officers and Directors shall be entitled to rely upon the advice, opinions or valuations of any such individuals. All actions taken and all interpretations and determinations made by the Committee shall be final, binding and conclusive upon the Participants, the Company and all other interested individuals. Notwithstanding anything to the contrary herein, the Board shall at all times retain the right to exercise the authority of the Committee to the extent consistent with applicable law and the memorandum and articles of association of the Company. All actions taken and all interpretations and determinations made by the Board shall be final, binding and conclusive upon the Participants, the Company and all other interested individuals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 Authority of the Committee**. The Committee shall have full and exclusive discretionary power to interpret the terms and the intent of this Plan and any Award Document or other agreement or document ancillary to or in connection with this Plan, to determine eligibility for Awards and to adopt such rules, regulations, forms, instruments and guidelines for administering this Plan as the Committee may deem necessary or proper. Such authority shall include selecting Award recipients; establishing all Award terms and conditions, including the terms and conditions set forth in Award Documents; granting Awards as an alternative to or as the form of payment for grants or rights earned or due under compensation plans or arrangements of the Company; and, subject to Article 11, adopting modifications and amendments to this Plan or any Award Document or adopting sub-plans, including any that are necessary to comply with the laws of the countries and other jurisdictions in which the Company and/or its Affiliates operate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 Delegation.** To the extent permitted by applicable law and the memorandum and articles of association of the Company, the Committee may delegate to one or more of its members or to one or more officers of the Company and/or its Affiliates or to one or more agents or advisors such administrative duties or powers as it may deem advisable, and the Committee or any individuals to whom it has delegated duties or powers as aforesaid may employ one or more individuals to render advice with respect to any responsibility the Committee or such individuals may have under this Plan. Subject to compliance with applicable law and the memorandum and articles of association of the Company, the Committee may, by resolution, authorize one or more officers of the Company to designate Employees to be recipients of Awards.

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**Article 4. Shares Subject to this Plan and Maximum Awards** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1 Number of Shares Available for Awards**. Subject to adjustment as provided in Section 4.3, the maximum number of Shares available for grant to Participants under this Plan (the "**Share Authorization**") shall be an amount equal to 20,000,000 Shares. Shares issued under the Plan may consist in whole or in part of authorized but unissued shares, treasury shares, or Shares, Shares represented by ADS, in each case purchased on the open market or otherwise, all as determined by the Company from time to time. Where appropriate, references to a Share or Shares under this Plan shall also include references to the corresponding ADSs, as the context may require, as determined by the Committee in its discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2 Share Usage.** Shares covered by an Award shall only be counted as used to the extent they are actually issued or otherwise delivered. Any Shares related to Awards which terminate by expiration, forfeiture, cancellation or otherwise without the issuance or other delivery of such Shares, are settled in cash in lieu of Shares or are exchanged with the Committee's permission, prior to the issuance or other delivery of Shares, for Awards not involving Shares, shall be available again for grant under this Plan. In that regard, if Shares issuable upon exercise, vesting or settlement of an Award, or Shares owned by a Participant (which are not subject to any pledge or other security interest), are repurchased by, surrendered to or tendered to the Company in payment of the Exercise Price of an Award or any taxes required to be withheld in respect of an Award, in each case, in accordance with the terms and conditions of the Plan and any applicable Award Document, such repurchased, surrendered or tendered Shares shall again be available for the grant of Awards under the Plan. In addition, Awards granted through the assumption of, or in substitution for, outstanding awards previously granted to individuals who become Employees, Directors or Service Providers as a result of a merger, consolidation, acquisition or other corporate transaction involving the Company or any Affiliate shall not be counted against the Share Authorization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 Adjustments in Authorized Shares**. In the event of any corporate event or transaction (including a change in the Shares of the Company or the capitalization of the Company) such as a merger, consolidation, reorganization, recapitalization, separation, script dividend, share subdivision, share consolidation, split up, spin-off or other distribution of stock or property of the Company, combination of Shares, exchange of Shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to shareholders of the Company, or any similar corporate event or transaction effected without receipt of consideration by the Company occurring after the Effective Date, the Committee, in order to prevent dilution or enlargement of Participants' rights under this Plan, shall equitably substitute or adjust, as applicable, the number of Shares that may be issued or otherwise delivered under this Plan or under particular forms of Awards, the number of Shares subject to outstanding Awards, the Exercise Price for outstanding Options and other value determinations applicable to outstanding Awards.

Without limiting the generality of Section 3.1, the determination of the Committee as to the foregoing adjustments, if any, shall be final, binding and conclusive upon the Participants, the Company and all other interested individuals.

**Article 5. Eligibility and Participation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1 Eligibility**. Individuals eligible to participate in this Plan are Employees, Directors and Service Providers, including, to the extent permitted by applicable law, Employees providing services to the Company or an Affiliate indirectly through a professional employer or similar organization that serves as such employee's "employer of record".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.2 Actual Participation**. Subject to the provisions of this Plan, the Committee may, from time to time, select from all eligible individuals, those individuals to whom Awards shall be granted and shall determine, in its sole discretion, the nature of, any and all terms permissible by law, and the amount of each Award.

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**Article 6. Share Options** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1 Grant of Options**. Subject to the provisions of this Plan, Options may be granted to Participants in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee, in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2 Award Document**. Each Option grant shall be evidenced by an Award Document that shall specify the Exercise Price, the maximum duration of the Option, the number of Shares to which the Option pertains, the conditions upon which an Option shall become vested and exercisable and such other provisions as the Committee shall determine which are not inconsistent with the terms of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3 Exercise Price**. The Exercise Price for each grant of an Option shall be as determined by the Committee and shall be specified in the Award Document. The Exercise Price shall be: (i) based on one hundred percent (100%) of the FMV of the Shares (i.e., 1/4 of the price of the ADS) on the date of grant, (ii) set at a premium to the FMV of the Shares on the date of grant or (iii) indexed to the FMV of the Shares on the date of grant, with the index determined by the Committee, in its discretion; *provided, however*, the Exercise Price on the date of grant must be at least equal to the higher of (a) one hundred percent (100%) of the FMV of the Shares on the date of grant and (b) the par value of the Shares. Notwithstanding the foregoing, for any Option that is granted to a Participant subject to U.S. income taxation and is intended to be exempt from the requirements of Section 409A of the Code pursuant to Treasury Regulation 1.409A-1(b)(5)(i)(A), the Exercise Price (even if indexed) can never be less than the FMV on the date of grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.4 Term**. Each Option shall expire at such time as the Committee shall determine at the time of its grant; *provided, however*, no Option shall be exercisable later than the tenth (10th) anniversary date of its grant. Notwithstanding the foregoing, for Options granted to Participants outside the United States, the Committee has the authority to grant Options that have a term greater than ten (10) years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.5 Exercise of Options**. Options shall be exercisable at such times and be subject to such terms and conditions as the Committee shall in each instance approve, which terms and conditions need not be the same for each grant or for each Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.6 Payment**. Options shall be exercised by the delivery of a notice of exercise to the Company or an agent designated by the Company in a form specified or accepted by the Committee, or by complying with any alternative procedures which may be authorized by the Committee, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares.

A condition of the issuance or other delivery of the Shares as to which an Option shall be exercised shall be the payment of the Exercise Price. The Exercise Price of any Option shall be payable to the Company, as determined by the Committee, in full: (a) in cash or its equivalent; (b) by the Company's repurchasing previously acquired Shares having an aggregate FMV at the time of exercise equal to the Exercise Price (*provided* that the Shares satisfy conditions, such as minimum holding periods, as determined by the Committee to avoid adverse accounting consequences to the Company); (c) by a combination of (a) and (b); or (d) any other method approved or accepted by the Committee in its sole discretion, including, if the Committee so determines, a cashless (broker-assisted) exercise or a "net exercise" (i.e., by the Company withholding Shares otherwise due to the exercising Participant).

Subject to any governing rules or regulations, as soon as practicable after receipt of written notification of exercise and full payment (including satisfaction of any applicable tax withholding), the Company shall record the Participant's name at the register of members of the Company as the holder of such Shares.

Unless otherwise determined by the Committee, all payments under all of the methods indicated above shall be paid in United States dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.7 Restrictions on Share Transferability; Voting and Dividend Rights**. The Committee may impose such restrictions on any Shares acquired pursuant to the exercise of an Option as it may deem advisable, including minimum holding period requirements or restrictions under applicable securities laws or the requirements of any stock exchange or market upon which Shares or the ADSs are then listed and/or traded. A Participant shall have no voting or dividend rights with respect to any Options, except as set forth in Article 8.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.8 Termination of Employment**. Each Participant's Award Document shall set forth the extent to which the Participant shall have the right to exercise the Option following termination of the Participant's employment or provision of services to the Company and/or its Affiliates, as the case may be ("**Termination of Employment**"). Such provisions shall be determined in the sole discretion of the Committee and need not be uniform among all Options, and may reflect distinctions based on the reasons for termination. Except as otherwise determined by the Committee and set forth in the applicable Award Document, for purposes of the Plan, a transfer of the Participant from the Company to an Affiliate, or vice versa, or from one Affiliate to another, and a leave of absence, duly authorized in writing by the Company or an Affiliate, shall not be deemed a Termination of Employment for purposes of the Plan or with respect to any Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.9 Transferability.** Except as otherwise provided in a Participant's Award Document or otherwise determined at any time by the Committee, no Option may be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution; provided that the Board or Committee may permit further transferability, on a general or a specific basis, and may impose conditions and limitations on any permitted transferability. Further, except as otherwise provided in a Participant's Award Document or otherwise determined at any time by the Committee, or unless the Board or Committee decides to permit further transferability, all Options granted to a Participant shall be exercisable during the Participant's lifetime only by such Participant. With respect to those Options, if any, that are permitted to be transferred to another individual, references in this Plan to the Participant shall be deemed to include, as determined by the Committee, the Participant's permitted transferee. Any transfers permitted by the Committee must comply with applicable laws and the memorandum and articles of association of the Company, including the transfer restrictions applicable to the Registration Statement on Form S-8 related to the applicable Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.10 Repricing.** Notwithstanding any provision herein to the contrary, the Committee may reprice Options without shareholder approval. For this purpose, "reprice" means any of the following (or any other action that has the same effect as any of the following): (i) changing the terms of an Option lower its Exercise Price per Share; (ii) any other action that is treated as a "repricing" under generally accepted accounting principles; and (iii) repurchasing for cash, or canceling an Option, at a time when its Exercise Price per Share is greater than the per Share FMV of the underlying Shares, in exchange for another Award.

**Article 7. Restricted Share Units** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1 Grant of RSUs.** Subject to the provisions of this Plan, the Committee, at any time and from time to time, may grant RSUs to Participants in such amounts as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2 Award Document**. Each RSU grant shall be evidenced by an Award Document that shall specify the Period(s) of Restriction and such other provisions as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3 Transferability**. Except as provided in this Plan or an Award Document, the RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated except to the extent specified by the Committee, in its sole discretion, and set forth in the Award Document or otherwise at any time by the Committee. All rights with respect to RSUs granted to a Participant shall be available during the Participant's lifetime only to such Participant, except as otherwise provided in an Award Document or at any time by the Committee. Any transfers permitted by the Committee must comply with applicable laws and the memorandum and articles of association of the Company, including the transfer restrictions applicable to the Registration Statement on Form S-8 related to the applicable Shares.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.4 Other Restrictions**. The Committee shall impose such other conditions and/or restrictions on any RSUs as it may deem advisable including a requirement that Participants pay a stipulated purchase price for each RSU, restrictions based upon the achievement of specific performance goals, time-based restrictions on vesting following the attainment of the performance goals, time-based restrictions and/or restrictions under applicable laws or under the requirements of any stock exchange or market upon which Shares are then listed and/or traded, or holding requirements or sale restrictions placed on the Shares by the Company upon vesting of such RSUs.

Except as otherwise provided in this Article 7, RSUs shall be paid in cash, Shares or a combination of cash and Shares, as determined by the Committee in its sole discretion or as specified in the Award Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.5 Voting and Dividend Rights**. A Participant shall have no voting or dividend rights with respect to any RSUs, except as set forth in Article 8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.6 Termination of Employment**. Each Award Document shall set forth the extent to which the Participant shall have the right to retain RSUs following termination of the Participant's employment with or provision of services to the Company and/or its Affiliates, as the case may be. Such provisions shall be determined in the sole discretion of the Committee and need not be uniform among all RSUs, and may reflect distinctions based on the reasons for termination. Except as otherwise determined by the Committee and set forth in the applicable Award Document, for purposes of the Plan, a transfer of the Participant from the Company to an Affiliate, or vice versa, or from one Affiliate to another, and a leave of absence, duly authorized in writing by the Company or an Affiliate, shall not be deemed a Termination of Employment for purposes of the Plan or with respect to any Award.

**Article 8. Dividend Equivalents** 

Any Participant selected by the Committee may be granted dividend equivalents based on the dividends declared on Shares that are subject to any Award, to be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award is exercised, vests or expires, as determined by the Committee. Such dividend equivalents shall be converted to cash or additional Shares by such formula and at such time and subject to such limitations as may be determined by the Committee. Notwithstanding the foregoing, in no event will dividend equivalents on any Award which is subject to the achievement of performance goals be payable before the Award has become earned and payable. Notwithstanding the foregoing, for any Option that is granted to a Participant subject to U.S. income taxation and is intended to be exempt from the requirements of Section 409A of the Code pursuant to Treasury Regulation 1.409A-1(b)(5)(i)(A), dividend equivalents may not be conditioned on the exercise of such Option.

**Article 9. Beneficiary Designation** 

Each Participant under this Plan may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Plan is to be paid in case of his death before he receives any or all of such benefit pursuant to such procedures as the Committee may determine from time to time. Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Committee, and will be effective only when filed by the Participant in writing with the Company during the Participant's lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant's death shall be paid to the Participant's estate to the extent permitted by applicable law.

**Article 10. Rights of Participants** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.1 Employment**. Nothing in this Plan or an Award Document shall interfere with or limit in any way the right of the Company and/or its Affiliates to terminate any Participant's employment or service at any time or for any reason not prohibited by law, nor confer upon any Participant any right to continue the Participant's employment or service for any specified period of time.

Neither an Award nor any benefits arising under this Plan shall constitute an employment or other service contract with the Company and/or its Affiliates and, accordingly, subject to Article 3 and Article 11, this Plan and the benefits under this Plan may be terminated at any time in the sole and exclusive discretion of the Committee without giving rise to any liability on the part of the Company and/or its Affiliates.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2 Participation**. No individual shall have the right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.3 Rights as a Shareholder**. Except as otherwise provided in this Plan, a Participant shall have none of the rights of a shareholder with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares registered on the register of members of the Company.

**Article 11. Amendment, Modification, Suspension and Termination** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.1 Amendment, Modification, Suspension and Termination**. Subject to Section 11.3 and applicable law, the Committee may, at any time and from time to time, alter, amend, modify, suspend or terminate this Plan and any Award Document in whole or in part.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.2 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events**. The Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including the events described in Section 4.3) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent unintended dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan. The determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.3 Awards Previously Granted**. Notwithstanding any other provision of this Plan to the contrary, no termination, amendment, suspension or modification of this Plan or an Award Document shall adversely affect in any material way any previously granted Award, without the written consent of the Participant holding such Award, unless such termination, amendment, suspension or modification is necessary or desirable to facilitate compliance with applicable law and the memorandum and articles of association of the Company, as determined in the sole discretion of the Committee.

**Article 12. Withholding** 

The Company or an Affiliate, as the case may be, shall have the right to deduct from payments of any kind otherwise due to a Participant any federal, state, or local taxes of any kind required by law to be withheld (i) with respect to the vesting of or other lapse of restrictions applicable to an Award, (ii) upon the issuance of any Shares upon the exercise of an Option, or (iii) otherwise due in connection with an Award. At the time of such vesting, lapse, or exercise, the Participant shall pay to the Company or the Affiliate, as the case may be, any amount that the Company or the Affiliate may reasonably determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or the Affiliate, which may be withheld by the Company or the Affiliate, as the case may be, in its sole discretion, the Participant may elect to satisfy such obligations, or the Company may require such obligations to be satisfied, in whole or in part, (i) by causing the Company or the Affiliate to withhold the minimum required number of Shares otherwise issuable to the Participant as may be necessary to satisfy such withholding obligation, (ii) by delivering to the Company or the Affiliate Shares already owned by the Participant or (iii) or a broker-assisted open-market sale. The Shares so delivered or withheld or sold shall have an aggregate FMV equal to such withholding obligations. The FMV of the Shares used to satisfy such withholding obligation shall be determined by the Company or the Affiliate as of the date that the amount of tax to be withheld is to be determined. A Participant who has been permitted to make an election pursuant to this Article 12 may satisfy his or her withholding obligation only with Shares that are not subject to any repurchase, forfeiture, unfulfilled vesting, or other similar requirements.

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**Article 13. Successors** 

All obligations of the Company under this Plan with respect to Awards shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise, of all or substantially all of the business and/or assets of the Company.

**Article 14. Change in Control** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.1 Change in Control of the Company**. Notwithstanding any other provision of this Plan to the contrary, the provisions of this Article 14 shall apply in the event of a Change in Control, unless otherwise determined by the Committee in connection with the grant of an Award as reflected in the applicable Award Document.

Upon a Change in Control (other than a proposed dissolution, winding-up or liquidation of the Company), all then-outstanding Options shall become fully vested and exercisable, and all other then-outstanding Awards that vest on the basis of continuous service shall vest in full and be free of restrictions (with performance goals being deemed earned at target level of achievement or, if higher, actual level of achievement through the date of such Change in Control), except to the extent that another Award meeting the requirements of Section 14.2 (a "**Replacement Award**") is provided to the Participant to replace such Award (the "**Replaced Award**"). The treatment of any other Awards shall be as determined by the Committee in connection with the grant thereof, as reflected in the applicable Award Document.

In the event of the proposed dissolution, winding-up or liquidation of the Company, the Committee will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. In the event of such proposal, the Committee in its discretion may provide for a Participant to have the right to exercise his or her Award, to the extent applicable, until ten (10) business days prior to such transaction as to all of the Shares covered thereby, including Shares as to which the Award would not otherwise be exercisable. In addition, in the event of such proposal, the Committee may provide that any Company repurchase option or forfeiture rights applicable to any Award shall lapse one hundred percent (100%), and that any Award vesting shall accelerate one hundred percent (100%), provided the proposed dissolution, winding-up or liquidation takes place at the time and in the manner contemplated. To the extent it has not been previously exercised or vested, an Award will terminate immediately prior to the consummation of such proposed action.

In the event that a notice is given by the Company to its shareholders to convene a general meeting for the purposes of considering, and if thought fit, approving a resolution to voluntarily wind-up the Company, the Company shall on the same date or soon after it dispatches such notice to each shareholder of the Company give notice thereof to all Participants (together with a notice of the existence of the provisions of this Section 14.1) and thereupon, each Participant (or his or her legal personal representative(s)) shall be entitled to exercise all or any of his or her vested Options at any time not later than two (2) business days prior to the proposed general meeting of the Company by giving notice in writing to the Company, accompanied by a remittance for the full amount of the aggregate exercise price for the Shares in respect of which the notice is given, and any federal, state, or local taxes of any kind required by law to be withheld, whereupon the Company shall as soon as possible and, in any event, no later than the business day immediately prior to the date of the proposed general meeting referred to above, allot the relevant Shares to the Participant credited as fully paid.

All Awards and Options to the extent unexercised or unvested prior to the commencement of the dissolution, liquidation or winding-up of the Company shall, upon the commencement of such dissolution, liquidation or winding-up, automatically terminate and lapse.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.2 Replacement Awards**. An Award shall meet the conditions of this Section 14.2 (and hence qualify as a Replacement Award) if: (i) it has a value at least equal to the value of the Replaced Award; (ii) it relates to publicly traded equity securities of the Company or its successor in the Change in Control or another entity that is affiliated with the Company or its successor following the Change in Control; and (iii) its other terms and conditions

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are not less favorable to the Participant than the terms and conditions of the Replaced Award (including the provisions that would apply in the event of a subsequent Change in Control). Without limiting the generality of the foregoing, the Replacement Award may take the form of a continuation of the Replaced Award if the requirements of the preceding sentence are satisfied. The determination of whether the conditions of this Section 14.2 are satisfied shall be made by the Committee, as constituted immediately before the Change in Control, in its sole discretion. Notwithstanding the foregoing, for any Option that is granted to a Participant subject to U.S. income taxation and is intended to be exempt from the requirements of Section 409A of the Code pursuant to Treasury Regulation 1.409A-1(b)(5)(i)(A), any Replacement Award shall be determined in accordance with Treasury Regulation Section 1.409A-1(b)(5)(v)(D).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.3 Termination of Employment**. Upon any Termination of Employment (including, for the avoidance of doubt, termination of directorship) of a Participant occurring in connection with or during the period of one (1) year after such Change in Control, (i) all Replacement Awards held by the Participant shall become fully vested and (if applicable) exercisable and free of restrictions; *provided, however*, that if such acceleration would cause penalty taxation under Section 409A of the Code with respect to any Replacement Award, then the Committee may unilaterally delay such acceleration for such time as is sufficient to avoid such penalty, and (ii) all Options held by the Participant immediately before the Termination of Employment or termination of directorship that the Participant held as of the date of the Change in Control or that constitute Replacement Awards shall remain exercisable for not less than one (1) year following such termination or until the expiration of the stated term of such Option, whichever period is shorter; *provided*, that if the applicable Award Document provides for a longer period of exercisability, that provision shall control. In addition, upon any Termination of Employment or termination of directorship of a Participant occurring in connection with or during the period of one (1) year after such Change in Control, any Replacement Award that is subject to performance conditions shall be deemed earned at target level of achievement or, if higher, actual level of achievement through such termination.

**Article 15. General Provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.1 Forfeiture Events**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Committee may specify in an Award Document that the Participant's rights, payments and benefits with
respect to an Award shall be subject to reduction, cancellation, repurchase, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events
may include, but shall not be limited to, Termination of Employment for cause, termination of the Participant's provision of services to the Company and/or Affiliate, violation of material Company and/or Affiliate policies, breach of
noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or one or more of its Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Awards shall be subject to the requirements of (i) Silicon Motion Technology Corporation Incentive-Based
Compensation Recovery Policy, (ii) similar rules under the laws of any other jurisdiction or (iii) any other compensation recovery policies as may be adopted from time to time by the Company, all to the extent required by applicable laws
or otherwise determined by the Committee in its discretion to be applicable to a Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.2 Legend**. The certificates for Shares may include any legend which the Committee deems appropriate to reflect any restrictions on transfer of such Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.3 Gender and Number**. Except where otherwise indicated by the context, any masculine term used in this Plan or in an Award Document also shall include the feminine, the plural shall include the singular, and the singular shall include the plural.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.4 Severability**. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.5 Requirements of Law**. The granting of Awards and the issuance or other delivery of Shares under this Plan shall be subject to all applicable laws, rules and regulations, and to such approvals by any applicable governmental agencies or stock exchange or market upon which Shares are then listed and/or traded, as may be required and the memorandum and articles of association of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.6 Delivery of Title**. The Company shall have no obligation to issue or deliver evidence of title for Shares issued or otherwise delivered under this Plan prior to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Completion of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.7 Inability to Obtain Authority**. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company's counsel to be necessary to the lawful issuance (or other delivery) and sale of any Shares under this Plan, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.8 Investment Representations**. The Committee may require any individual receiving Shares pursuant to an Award under this Plan to represent and warrant in writing that the individual is acquiring the Shares for investment and without any present intention to sell or distribute such Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.9 Uncertificated Shares**. To the extent that this Plan provides for issuance of certificates to reflect the transfer of Shares, the transfer of such Shares may be effected on an uncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange or market upon which Shares are then listed and/or traded and the memorandum and articles of association of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.10 Unfunded Plan**. Participants shall have no right, title or interest whatsoever in or to any investments that the Company and/or its Affiliates may make to aid it in meeting its obligations under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant, beneficiary, legal representative or any other individual. To the extent that any person acquires a right to receive payments from the Company and/or its Affiliates under this Plan, such right shall be no greater than the right of an unsecured general creditor of the Company or an Affiliate, as the case may be. All payments to be made under this Plan shall be paid from the general funds of the Company or an Affiliate, as the case may be, and no special or separate fund shall be established and no segregation of assets shall be made to ensure payment of such amounts except as expressly set forth in this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.11 No Fractional Shares**. No fractional Shares shall be issued or delivered pursuant to this Plan or any Award. The Committee shall determine whether cash, Awards or other property shall be issued, delivered or otherwise paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.12 Nonexclusivity of this Plan**. The adoption of this Plan shall not be construed as creating any limitations on the power of the Board or Committee to adopt such other compensation arrangements as it may deem desirable for any Participant.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.13 No Constraint on Corporate Action.** Nothing in this Plan shall be construed to: (i) limit, impair or otherwise affect the Company's or an Affiliate's right or power to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell or transfer all or any part of its business or assets; or, (ii) limit the right or power of the Company or an Affiliate to take any action which such entity deems to be necessary or appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.14 Governing Law**. This Plan and each Award Document shall be governed by the laws of the State of New York, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. Unless otherwise provided in the Award Document, any dispute or controversy which may arise in connection with this Plan or any related Award Document will be resolved and finally settled by binding arbitration in Taiwan (Republic of China) in accordance with the International Chamber of Commerce arbitration rules and procedures in force at the commencement of the proceedings. The parties undertake to abide by and to comply with the arbitration award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.15 Section 409A**. The Plan is intended to comply with Section 409A of the Code to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted and administered to be in compliance therewith. Any payments described in the Plan that are due within the "short-term deferral period" as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable laws require otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required to avoid accelerated taxation and tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the Plan during the six (6) month period immediately following the Participant's separation from service shall instead be paid on the first payroll date after the six-month anniversary of the Participant's separation from service (or the Participant's death, if earlier). For purposes of Section 409A of the Code, each installment payment under an Award will be treated as a separate payment. Notwithstanding the foregoing, neither the Company nor the Committee shall have any obligation to take any action to prevent the assessment of any excise tax or penalty on any Participant under Section 409A of the Code and neither the Company nor the Committee will have any liability to any Participant for such tax or penalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15.16 International Requirements**. The Committee may make or establish such modifications, amendments, procedures or sub-plans as may be necessary or advisable to comply with international legal or regulatory requirements.

## Exhibit 23.1

**Exhibit 23.1** 

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated April 30, 2025, relating to the consolidated financial statements of Silicon Motion Technology Corporation and subsidiaries (the "Company") and the effectiveness of the Company's internal control over financial reporting, appearing in the Annual Report on Form 20-F of Silicon Motion Technology Corporation for the year ended December 31, 2024.

/s/ Deloitte & Touche

Taipei, Taiwan

Republic of China

June 4, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

#### Exhibit 107

#### Calculation of Filing Fee Tables

#### Form S-8
(Form Type)

#### SILICON MOTION TECHNOLOGY CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Security Type** | **Security<br>Class<br>Title<sup>1</sup>** | **Fee**<br>**Calculation** <br>**or Carry**<br>**Forward**<br>**Rule** | **Amount**<br>**Registered<sup>2</sup>**  | **Proposed<br>Maximum<br>Offering<br>Price Per<br>Share<sup>3</sup>** | **Maximum<br>Aggregate<br>Offering<br>Price<sup>3</sup>** | **Fee<br>Rate** | **Amount of** <br>**Registration** <br>**Fee** |
| &nbsp;&nbsp;&nbsp;Equity | Ordinary Shares,<br>par value US$0.01 <br>per share | 457(c) <br>and<br>457(h)  | 20000000 | $15.3775 | $307550000 | $153.10 per <br>$1,000,000 | $47085.91 |
| &nbsp;&nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;&nbsp;**Total Offering Amounts** |  | $307550000 |  | $47085.91 |
| &nbsp;&nbsp;&nbsp;**Total Fee Offsets** | &nbsp;&nbsp;&nbsp;**Total Fee Offsets** | &nbsp;&nbsp;&nbsp;**Total Fee Offsets** | &nbsp;&nbsp;&nbsp;**Total Fee Offsets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;&nbsp;**Net Fee Due** |  |  |  | $47085.91 |

---

<sup>1</sup> American depository shares ("ADSs") issuable upon deposit of the ordinary shares registered hereby have been registered pursuant to a separate registration statement on Form F-6 (333-125801), as amended, filed with the U.S. Securities and Exchange Commission. Each ADS represents four ordinary shares (the "Ratio"). 

<sup>2</sup> Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement on Form S-8 includes an indeterminate number of additional securities that may be necessary to adjust the number of securities reserved for issuance pursuant to the plans as the result of any future stock split, stock dividend or similar adjustment of the registrant's outstanding ordinary shares. 

<sup>3</sup> Pursuant to Rule 457(h) and Rule 457(c) under the Securities Act, the offering price is estimated solely for the purpose of calculating the registration fee. The proposed maximum offering price per share and the proposed maximum aggregate offering price are, due to the Ratio, based on one-fourth of the average ($61.51) of the high sales price per ADS ($62.67) and the low sales price per ADS ($60.35) as reported on the Nasdaq Global Market on May 30, 2025.