Document:

<PAGE>   1
                                                                   Exhibit 10.25

I, Joseph Tung, certify that set forth below is a fair and accurate English
translation of the required document included as an exhibit to this Registration
Statement.

                               By: /s/ JOSEPH TUNG
                                   ------------------------------
                                   Title: Chief Financial Officer
                                   Dated: August 28, 2000

(English Translation Summary)

                          MINISTRY OF ECONOMIC AFFAIRS
                 EXPORT PROCESSING ZONES ADMINISTRATION (EPZA)
                         NANTZE EXPORT PROCESSING ZONE

                             LAND LEASE AGREEMENTS

I.  See Annex I for a description of lease details.

II. General Provisions:

     The land in the Kaohsiung Nantze Export Processing Zone on which ASE Inc.'s
packaging and testing facilities are located is leased from the Ministry of
Economic Affairs, Export Processing Zones Administration.

     The term under all lease agreements between EPZA and ASE Inc. is 10 years.
The usage of leased land is limited to office, factory, warehouse, and
operational space. No sublease or lending of the land is allowed. The usage,
rental payment schedule, default penalty, public construction fee, deposit,
minimum dimension and other construction requirements are stipulated by the
regulations of the Ministry of Economic Affairs. The EPZA may adjust the rental
when the government reevaluates the land price.

     The lease agreements are renewable by 3 months prior written application
with the EPZA. After the termination of the lease agreement, ASE Inc. should
return the buildings on the land and the buildings will be sold to any other
enterprises as approved by the EPZA within 6 months.

     The regulation of Ministry of Economics Affairs in connection with the
lease in the Nantze Export Processing Zone may change from time to time. There
can be no assurance that current regulations will continue in effect or that
future changes will not have an adverse effect upon the availability of the
lease above.

                                       1

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                                                                   EXHIBIT 10.25

                                                                         Annex 1

<TABLE>
<CAPTION>
                                                                                                   Public
                                                                        Unit Price     Rental     Facility
Exhibit  Land Lease                                        Total Area  (NT$/m(2)/per  (NT$/per  Construction     Lease      Date of
No.      Agreements     Property                             (m(2))       month)       month)       Fee         Period       Lease
-------  ------------   --------                           ----------  -------------  --------  ------------   ---------    --------
<S>      <C>            <C>                                <C>         <C>            <C>       <C>            <C>          <C>
10.25    (83) Nan-Di-   Nantze Export Processing Zone,       10,280       11.50       118,220        0         1994.4.6-    1994.4.1
         Tse-No. 14     Boping Section, Sub-Section II,                                                        2004.4.5
                        District 3, No. 630, 631, 632 and
                        633
                        (Property No. CL060)
</TABLE><PAGE>   1
                                                                   Exhibit 10.26
                                                        DRAFT OF AUGUST 16, 2000
                                                    FOR DISCUSSION PURPOSES ONLY

                            EXCHANGE AGENCY AGREEMENT

         This Exchange Agency Agreement (the Exchange Agency Agreement, together
with the Schedules thereto, in each case as amended from time to time, the
"AGREEMENT") is made as of April ___, 2000, by and between ADVANCED
SEMICONDUCTOR ENGINEERING, INC., a corporation organized under the laws of the
Republic of China ("ASE" or the "COMPANY"), and CITIBANK, N.A., a national
banking association organized and existing under the laws of the United States
of America ("CITIBANK"), in its capacity as exchange agent (in such capacity,
the "EXCHANGE AGENT").

                          W I T N E S S E T H  T H A T:

         WHEREAS, the Company and Citibank, N.A., as depositary (the
"DEPOSITARY"), have entered into that certain Amended and Restated Deposit
Agreement, dated as of April __, 2000 (the "DEPOSIT AGREEMENT"), which provides,
inter alia, for the issuance of American Depositary Shares (the "ADSs"),
evidenced by American Depositary Receipts (the "ADRs"), each ADS representing
(a) five (5) common shares, par value NT$10.00 per share (the "SHARES") of the
Company; and

         WHEREAS, the Company and Citibank, N.A., as depositary (the "EXISTING
DEPOSITARY"), have entered into a Deposit Agreement, dated as of July 13, 1995,
as amended by Amendment No. 1 to Deposit Agreement, dated as of November 30,
1998 (the "EXISTING DEPOSIT AGREEMENT"), which provides, inter alia, for the
deposit of Shares and the creation of (i) International Global Depositary Shares
(the "INTERNATIONAL GDSs") representing the Shares so deposited (the depositary
receipts facility for the International GDSs, the "INTERNATIONAL GDR FACILITY")
and (ii) Rule 144A Global Depositary Shares (the "RULE 144A GDSs") representing
the Shares so deposited (the depositary receipts facility for the Rule 144A
GDSs, the "RULE 144A GDR FACILITY"); and

         WHEREAS, the Company is making an offer to exchange (the "EXCHANGE
OFFER") one (1) ADS for each Rule 144A GDS validly tendered upon the terms and
subject to the conditions set forth in the Exchange Offer Prospectus, dated
________, 2000 (as amended from time to time, the "EXCHANGE OFFER PROSPECTUS"),
a copy of which is attached hereto as SCHEDULE III; and

         WHEREAS, the Company has filed with the United States Securities and
Exchange Commission (the "SEC") the Exchange Offer Prospectus under cover of a
Registration Statement on Form F-4 (Reg. No. 333-______), which was declared
effective by the SEC on _________, 2000; and
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         WHEREAS, upon the execution of the Deposit Agreement, all International
GDSs issued and outstanding under the International GDR Facility as of the date
thereof will be automatically exchanged for ADSs on a one-for-one basis; and

         WHEREAS, the Company intends to list its ADSs for trading on The New
York Stock Exchange, Inc.; and

         WHEREAS, the Company wishes to appoint Citibank, upon the terms and
subject to the conditions set forth in this Agreement, to act as Exchange Agent
for Rule 144A GDSs tendered in the Exchange Offer for ADSs; and

         WHEREAS, Citibank is willing to act as Exchange Agent upon the terms
and subject to the conditions set forth in this Agreement.

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.       APPOINTMENT AND ACCEPTANCE

         a.       The Company hereby appoints Citibank to act as "EXCHANGE
                  AGENT" in connection with the Exchange Offer and as such to
                  perform, or cause to be performed, the services of the
                  Exchange Agent identified in Schedule I attached hereto (the
                  "SERVICES SCHEDULE").

         b.       Citibank hereby accepts the appointment by the Company to act
                  as Exchange Agent solely within the terms and subject to the
                  conditions of this Agreement (Citibank in such capacity, the
                  "EXCHANGE AGENT").

2.       SEGREGATION OF PROPERTY.

         a.       The Exchange Agent shall, in accordance with Rule 17Ad-14
                  promulgated under the Securities Exchange Act of 1934, as
                  amended, and the terms and conditions of the Exchange Offer,
                  establish the requisite number of account(s) (collectively,
                  the "DTC BOOK-ENTRY ACCOUNT(S)") at The Depository Trust
                  Company ("DTC") as soon as possible after the effective date
                  of this Agreement, but in any event within two (2) business
                  days after the commencement of the Exchange Offer, for the
                  purpose of receiving Rule 144A GDSs delivered to the Exchange
                  Agent pursuant to the Exchange Offer. The Exchange Agent shall
                  provide the means for any financial institution that is a
                  Participant in DTC to make book-entry delivery of Rule 144A
                  GDSs into the DTC Book-Entry Account in accordance with the
                  procedures for transfer through DTC. In accordance with the
                  customary procedures of DTC Participants, the Exchange Agent
                  shall promptly notify DTC

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<PAGE>   3
                  Participants through the facilities of DTC of the identity of
                  the DTC Book-Entry Accounts established in connection with
                  the Exchange Offer.

         b.       The Exchange Agent hereby agrees that all securities, funds or
                  other assets (collectively, the "PROPERTY") deposited with or
                  received by it in such capacity under the Exchange Offer
                  constitute a special, segregated account, held solely for the
                  benefit of the Company and the tendering holders and
                  beneficial owners of Rule 144A GDSs, as their interests may
                  appear within the terms of the Exchange Offer. Nothing herein
                  shall constitute the Exchange Agent a fiduciary with respect
                  to the Property.

3.       DELEGATION OF DUTIES

         The Exchange Agent may perform its duties hereunder through any agent
         appointed for such purpose, including, but not limited to, the First
         Chicago Trust division of Equiserve, L.P. ("FIRST CHICAGO"). Such
         duties may be performed by First Chicago in the State of New Jersey.
         However, Citibank shall remain a primary obligor with respect to such
         delegated duties.

4.       BROKERAGE ARRANGEMENTS

         The Exchange Agent will appoint a U.S. broker dealer (the "U.S.
         BROKER") to execute the sale of the aggregated number of fractional
         ADSs resulting from the exchange of Rule 144A GDSs for ADSs (if any)
         pursuant to the terms of the Exchange Offer. The U.S. Broker shall be
         instructed to sell such ADSs as agent for the holders of Rule 144A GDSs
         entitled to receive the proceeds from the sale of ADSs. The U.S. Broker
         so appointed may be an affiliate of Citibank or of First Chicago. The
         fees and commissions of the U.S. Broker shall be payable out of the
         proceeds from the sale of the ADSs.

5.       RESPONSIBILITY AND LIABILITY

         a.       The duties, responsibilities and obligations of Citibank in
                  its capacity as Exchange Agent shall be limited to those
                  expressly set forth in this Agreement and no duties,
                  responsibilities or obligations of the Exchange Agent shall be
                  inferred or implied under the terms of this Agreement,
                  provided, however, that in no way will the general duty to act
                  in good faith be discharged by the foregoing. Citibank in its
                  capacity as Exchange Agent shall not be subject to, nor be
                  required to comply with, (i) any provision of any other
                  agreement or any instrument to which the Company is a party or
                  to which the Company is subject, even though reference thereto
                  may be made in this Agreement or in any document provided by
                  the Company and its advisors to the Exchange Agent, or (ii)
                  any direction or instruction from the Company or an entity
                  acting on its behalf except as contemplated in this Agreement.

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         b.       Citibank shall not be deemed to make any representations and
                  shall have no responsibilities as to the validity,
                  sufficiency, value, or genuineness of any Rule 144A GDSs
                  tendered to the Exchange Agent and will not be required to
                  make any, and will make no, representations as to, or be
                  responsible for, the validity, sufficiency, legality, value,
                  or genuineness of the Exchange Offer and the ADSs to be issued
                  in connection therewith;

         c.       Citibank does not, and shall not be deemed to, assume any
                  responsibility or incur any liability for the actions or
                  omissions to act of any book-entry transfer facility or
                  clearing agency;

         d.       Citibank shall have no obligation to, and shall not, deliver
                  any ADSs under the terms of the Exchange Offer, unless it
                  shall have received confirmation (i) from the Company that it
                  has accepted the Rule 144A GDSs tendered and that all
                  conditions of the Exchange Offer have been satisfied or
                  validly waived and (ii) that the requisite number of Shares to
                  be represented by the ADSs to be issued in the Exchange Offer
                  have been deposited with the custodian under the Deposit
                  Agreement (the "CUSTODIAN");

         e.       Citibank may rely on, and shall be fully authorized and
                  protected in acting or not acting, in good faith in reliance
                  upon, any certificate, instrument, instruction, opinion,
                  notice, letter, telegram, telex, facsimile transmission,
                  electronic message (including without limitation, a message
                  received through DTC's ATOP System) or other document or
                  instrument delivered to it and believed by it to be genuine.
                  Citibank may rely on and shall be fully authorized and
                  protected in acting or not acting upon the written and
                  electronic instructions, with respect to any matter relating
                  to its actions covered by this Agreement (or supplementing or
                  qualifying any such actions), of Authorized Officers of the
                  Company (as set forth in Schedule IV hereto, the
                  "AUTHORIZED OFFICERS");

         f.       Citibank shall not be called upon at any time to advise any
                  person acting under the Exchange Offer as to the wisdom of
                  acting thereunder or as to the market value of any security
                  tendered or surrendered thereunder. Citibank shall not be
                  liable or responsible for any recital or statement contained
                  in the Exchange Offer materials or any other documents
                  relating thereto;

         g.       Citibank shall not be liable or responsible for any delay,
                  failure, malfunction interruption or error in the transmission
                  or receipt of communications or messages through electronic
                  means (including, without limitation, the message systems of
                  the applicable book-entry transfer facility);

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<PAGE>   5
         h.       Citibank shall not be liable or responsible for any failure by
                  the Company to comply with any of its obligations relating to
                  the Exchange Offer, including, without limitation, obligations
                  under applicable securities laws; and

         i.       Citibank is not required under the terms of this Agreement,
                  and nothing contained in this Agreement shall be interpreted
                  in any way to imply any obligation of Citibank, to expend or
                  risk any of its own funds or to make any financial
                  accommodations in the performance of its duties hereunder.
                  Citibank is not authorized, and shall have no obligation, to
                  pay any brokers', dealers', or soliciting fees to any person,
                  except for commissions of the U.S. Broker payable on the sale
                  of the aggregated number of fractional ADSs (if any), which
                  commissions shall be payable from the proceeds of such sale.

6.       TERM OF AGREEMENT

         a.       This Agreement shall terminate upon the earlier to occur of
                  (i) termination of this Agreement by mutual agreement of
                  Citibank and the Company hereto or (ii) termination by the
                  Company of the Exchange Offer, or (iii) _________, 2000. Upon
                  termination of this Agreement, Citibank and the Company shall
                  have no further duties hereunder except as otherwise set forth
                  in the following provisions of this Section 6.

         b.       Upon termination of this Agreement, the Exchange Agent shall
                  promptly deliver to the holders entitled thereto and to the
                  Company, as their respective rights may exist under the terms
                  of the Exchange Offer any Property held under the terms
                  hereof. Upon termination of this Agreement, copies of all
                  information (including all tender documentation, telegrams,
                  facsimile transmissions and other material submitted in
                  connection with the Exchange Offer) maintained by the Exchange
                  Agent for the Company under this Agreement shall be delivered
                  to the Company upon request.

         c.       Notwithstanding anything else contained in this Agreement, the
                  terms of Sections 7, 8, 9, 10 and 12 shall survive termination
                  of this Agreement.

7.       REPRESENTATIONS AND WARRANTIES

         The Company represents and warrants that: (i) it is duly incorporated,
         validly existing and in good standing under the laws of the Republic of
         China, (ii) the making and consummation of the Exchange Offer and the
         performance of all transactions contemplated thereby have been duly
         authorized by all necessary corporate action and will not result in a
         breach of, or constitute a default under, the Articles of Incorporation
         of the Company or any indenture, agreement or instrument to which it is
         a party or is bound, (iii) this Agreement has been duly executed and
         delivered by the Company by an officer

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<PAGE>   6
         of the Company hereunto duly authorized and constitutes its legal,
         valid, binding and enforceable obligation, (iv) the Exchange Offer does
         comply, and will be conducted by the Company in compliance, with all
         applicable requirements of law (including, without limitation, the
         United States and Republic of China securities laws) in connection with
         the Exchange Offer, (v) it has not made to the SEC, to the Republic of
         China Securities and Futures Commission (the "SFC"), to the Taiwan
         Stock Exchange or any other regulatory authority any representations in
         respect of the role of Citibank as Exchange Agent which have not been
         disclosed in writing to Citibank, and it shall not make any such
         representations without the prior written consent of Citibank, (vii) it
         has obtained, prior to the date hereof, all requisite approvals from
         the SEC, the SFC and the Taiwan Stock Exchange and any other applicable
         regulatory authority to conduct the Exchange Offer, (viii) to the best
         of its knowledge (after due inquiry), there is no litigation pending or
         threatened against it which could adversely affect in a material way
         the Company's ability to perform its obligations hereunder or otherwise
         in connection with the Exchange Offer and (ix) any and all registration
         statements applicable to the issuance of ADSs in exchange for Rule 144A
         GDSs have been declared effective by the SEC and no stop orders are in
         effect with respect to any such registration statements as of the date
         hereof.

8.       INDEMNIFICATION

         The Company agrees to indemnify and defend Citibank and to hold
         Citibank harmless (including any of the employees, officers, directors,
         agents, subsidiaries and affiliates or any of them, an "INDEMNITEE"
         hereunder) from and against any claim, action, judgement, damage, loss,
         liability, cost, securities transfer tax and expense (including,
         without limitation, any reasonable expenses and fees of counsel) (each
         a "LOSS") which may be incurred, paid or suffered by Citibank or to
         which Citibank may become subject (a) as a result of any action taken,
         or any action not taken, in each case, in good faith upon the
         instructions of an Authorized Officer of the Company, (b) arising out
         of, or in connection with, any actions taken within the terms of this
         Agreement, or (c) as a result of defending itself against any claim
         involving the Exchange Offer (including, without limitation, any claim
         based on any alleged untrue statements contained in any materials
         distributed by or on behalf of the Company in connection with the
         Exchange Offer or the omission therefrom of any fact necessary to make
         the statements contained therein not misleading). Provided, however,
         that, Citibank shall not be entitled to any indemnification under the
         terms hereof if the Loss arises from its own gross negligence or bad
         faith in the performance of, or its willful failure to perform, its
         obligations hereunder. Citibank agrees to notify the Company in writing
         of each assertion of a claim against any Indemnitee under this Section
         8 or any action commenced against any such party, within ten (10) New
         York Business Days (as defined in Schedule I below) after the receipt
         of notice thereof by Citibank. The Exchange Agent agrees to indemnify
         the Company and its directors, employees, agents and affiliates and
         hold them harmless from and against any loss, liability or expense
         (including reasonable counsel fees and expenses) incurred as a direct
         result of the gross negligence, bad faith or willful misconduct on the
         part of the

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         Exchange Agent in (a) administration of its duties hereunder or (b) any
         action taken or omitted to be taken hereunder. The provisions of this
         Section 8 shall survive the termination of this Agreement.

9.       FEES

         For the services provided hereunder the Company agrees to pay to
         Citibank the fees and reimbursements set forth in Fee Schedule attached
         hereto as Schedule II (the "FEE SCHEDULE"). All payments due to
         Citibank hereunder shall be remitted within 20 days of the receipt of
         invoice. If any fees, expenses or costs incurred by, or any obligations
         owed to, Citibank under the terms of this Agreement are not paid in
         full by the Company within 30 calendar days from the date of mailing of
         the applicable invoice or demand for payment, Citibank may reimburse
         itself from, and set-off against, any payments payable from time to
         time by Citibank, N.A., as Depositary, in connection with the
         administration of the ADR Facility established under the terms of the
         Deposit Agreement (as amended from time to time). The payment
         obligations of the Company hereunder shall survive the termination of
         this Agreement.

10.      INTERPRETATION; DISPUTES; JUDGEMENTS AGAINST PROPERTY; LITIGATION

         a.       Interpretation.

                  In the event Citibank has any question with respect to the
                  proper interpretation of this Agreement or the duties of any
                  party hereunder or the rights of (i) the Company or (ii) any
                  tendering holder of Rule 144A GDSs under the Exchange Offer,
                  Citibank may apply to the Company for instructions with
                  respect thereto, and such application may set forth in writing
                  any action proposed to be taken or omitted by Citibank and the
                  date(s) on or after which such action or omission will be
                  taken, and Citibank will not be liable for any action or
                  omission in accordance with a proposal included in any such
                  application on or after the date(s) specified therein (which
                  date(s) shall not, without the Company's consent, be less that
                  five (5) New York Business Days after Citibank makes such
                  application) unless, prior to taking or omitting to take such
                  action, Citibank has received oral or written instructions
                  from the Company in response to such application specifying
                  the action to be taken or omitted. Any oral instructions from
                  the Company shall be confirmed in writing via facsimile or
                  other means of electronic transmission from the Company to
                  Citibank or from Citibank to the Company by no later than the
                  close of the New York Business Day on which such oral
                  instructions are received by Citibank. Notwithstanding the
                  foregoing, Citibank shall promptly take such steps as it shall
                  deem reasonable and appropriate to cause any person tendering
                  Rule 144A GDSs to correct any defect that exists in respect of
                  such surrender before applying to the Company hereunder.

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<PAGE>   8
         b.       Disputes.

                  In the event Citibank becomes aware of any dispute among any
                  of the Company and any holders of Rule 144A GDSs with respect
                  to the proper interpretation of this Agreement, or the duties
                  of any party hereunder, or the rights or obligations of the
                  Company or of any tendering holders of ADSs, Citibank shall
                  not be required to act and shall not be held liable or
                  responsible for its refusal to act until (a) the dispute has
                  been judicially settled (and Citibank may, if in its sole
                  discretion it deems so advisable, but shall not be obligated
                  to, file a suit in interpleader or for a declaratory judgement
                  for such purpose) by final judgement rendered by a court of
                  competent jurisdiction, binding on all parties interested in
                  the matter and which is no longer subject to review or appeal,
                  or (b) the dispute has been settled by a written document in
                  form and substance reasonably satisfactory to Citibank and
                  executed by the Company and binding upon all tendering holders
                  of Rule 144A GDSs interested in the matter.

         c.       Judgements; Court Orders.

                  If any Property is at any time attached, garnished, or levied
                  upon under any court order or in case the payment, assignment,
                  transfer, conveyance, or delivery of any such Property shall
                  be stayed or enjoined by any court order, or if any order,
                  judgement or decree shall be made or entered by any court
                  affecting such Property or any part thereof, then and in any
                  such event Citibank shall be authorized, in its sole
                  discretion, to rely upon and comply with any such order,
                  judgement, or decree which Citibank has been advised in
                  writing by legal counsel of its own choosing is binding upon
                  it. If Citibank complies with any such order, judgement, or
                  decree, it shall not be liable to any person or entity by
                  reason of such compliance even though such order, judgement,
                  or decree may be subsequently reversed, modified, annulled,
                  set aside, or vacated.

         d.       Defending Litigation.

                  The Company agrees to defend any and all third party claims
                  and legal actions and proceedings against Citibank and/or any
                  Indemnitee arising from its role as Exchange Agent for the
                  Exchange Offer under the terms of this Agreement and agrees to
                  appoint counsel reasonably satisfactory to the Citibank for
                  such purpose. Citibank shall have the right to participate in
                  the defense of any such claims, actions and proceedings and to
                  assume control of all defenses pertaining to Citibank and/or
                  any Indemnitee. Except as specifically set forth in the second
                  following sentence below, all liabilities, costs and
                  reasonable expenses incurred by Citibank in connection with
                  any such claims, actions or proceedings shall be covered by
                  the indemnification obligations of the Company under the terms
                  of this Agreement. Citibank shall be entitled to employ
                  separate counsel when so

                                       8
<PAGE>   9
                  participating in the defense of any such claims, actions or
                  proceedings. The costs and reasonable expenses of counsel
                  employed by Citibank shall be borne by the Company in all
                  cases where (i) the employment thereof at the expense of the
                  Company has been specifically authorized by the Company in
                  writing, (ii) Citibank and/or any Indemnitee shall have been
                  advised by counsel that there may be one or more legal
                  defenses available to them which are different from or
                  additional to those available to the Company and in the
                  reasonable judgement of such counsel it would be inappropriate
                  for the same counsel to represent both the Company and
                  Citibank and/or any Indemnitee and it is therefore advisable
                  for Citibank and/or any such Indemnitee to employ separate
                  counsel to assert such additional or different defenses or
                  (iii) the Company has failed to assume the defense of such
                  action, suit, proceeding or claim. No settlement shall be
                  reached in any such claim, action or proceeding without the
                  consent of Citibank (which consent shall not be unreasonably
                  withheld).

         e.       Instituting Lawsuits.

                  The Company hereby agrees to assert all claims and institute
                  all legal actions and proceedings against third parties deemed
                  necessary and appropriate (in the reasonable opinion of
                  Company) in connection with the Exchange Offer as contemplated
                  in this Agreement and agrees to appoint counsel reasonably
                  satisfactory for such purpose. If any such action or
                  proceeding pertains to the actions of the Exchange Agent under
                  the terms hereof, Citibank shall have the right to participate
                  in the assertion of such claims and the institution of such
                  legal actions and proceedings. All liabilities, costs and
                  reasonable expenses incurred by Citibank in connection with
                  any such claims, actions or proceedings shall be covered by
                  the indemnifications of the Company under the terms of this
                  Agreement. Citibank shall be entitled to employ separate
                  counsel when so participating in the assertion of claims or
                  institution of legal actions or proceedings if (i) it would be
                  inappropriate for the same counsel to represent both the
                  Company and Citibank and it is therefore advisable for
                  Citibank to employ separate counsel to assert such additional
                  or different defenses or (ii) the Company has failed to assume
                  the defense of such action, suit, proceeding or claim. No
                  settlement shall be reached in any such action or proceeding
                  or with respect to any such claim without the consent of
                  Citibank (which consent shall not be unreasonably withheld) if
                  such claim directly affects Citibank in its capacity as
                  Exchange Agent under the Exchange Offer.

                  The provisions of this Section 10 shall survive the
                  termination of this Agreement.

                                       9
<PAGE>   10
11.      AMENDMENTS AND ASSIGNMENTS

         a.       The terms of this Agreement may be waived, amended or
                  supplemented only by agreement in writing duly executed by all
                  parties hereto. The rights and remedies conferred upon the
                  parties hereto shall be cumulative and the exercise or waiver
                  of any such right or remedy shall not preclude or inhibit the
                  exercise of any additional rights or remedies, nor the
                  subsequent exercise of such right or remedy.

         b.       None of the rights and obligations of the parties under this
                  Agreement may be assigned except (i) upon receipt of prior
                  written consent of the other parties to this Agreement, or
                  (ii) as otherwise specifically permitted by Section 3. Any
                  assignment or delegation in violation of this Section 11(b)
                  shall be null and void.

12.      GOVERNING LAW AND JURISDICTION

         This Agreement shall be governed by, and construed in accordance with,
         the laws of the State of New York (without reference to the principles
         of choice of law thereof). The parties agree that the federal or state
         courts located in the Borough of Manhattan in the City of New York
         shall have exclusive jurisdiction to hear and determine any suit,
         action or proceeding and to settle any disputes between parties
         relating to this Agreement and for such purpose each of the parties
         irrevocably submits to the jurisdiction of such courts.

         The Company hereby irrevocably designates, appoints and empowers CT
         Corporation System now at 111 Eighth Avenue, New York, New York 10011,
         as its authorized agent to receive and accept for and on its behalf,
         and on behalf of its properties, assets and revenues, service in any
         manner permitted by law of any and all legal process, summons, notices
         and documents that may be served in any suit, action or proceeding
         brought by Citibank against the Company in any court described in the
         preceding sentence (such agent and any successor or other agent for
         service of process appointed by, or acting on behalf of, the Company,
         the "Agent"). If for any reason the Agent shall cease to be available
         to act, or ceases to act, as such, the Company agrees to designate and
         maintain a new agent in New York on the terms and for the purposes of
         this Section 12 reasonably satisfactory to Citibank. The Company
         further hereby irrevocably consents and agrees to the service of any
         and all legal process, summons, notices and documents in any suit,
         action or proceeding against it under the terms hereof, by service in
         any manner permitted by law, upon the Agent (whether or not the
         appointment of such Agent shall for any reason prove to be ineffective
         or such Agent shall fail to accept or acknowledge such service), with a
         copy mailed to the Company (by registered or certified mail, postage
         prepaid, to the address last specified for notices hereunder). If for
         any reason whatsoever no Agent is acting in the State of New York, the
         Company consents to service of any and all legal process, summons,
         notices and documents by certified or registered mail, return receipt
         requested, directed to it at the address last specified for notices
         hereunder. The Company hereby irrevocably and unconditionally waives,
         and agrees not to plead or claim

                                       10
<PAGE>   11
         in any court, any objection that it may now or hereafter have to object
         to service of any and all legal process, summons, notices and documents
         in the manner contemplated herein. In addition, the Company irrevocably
         and unconditionally waives, to the fullest extent permitted by law, any
         objection that it may now or hereafter have to the laying of venue of
         any actions, suits or proceedings brought in any court as provided
         herein, and hereby further irrevocably and unconditionally waives and
         agrees not to plead or claim in any such court that any such action,
         suit or proceeding brought in any such court has been brought in an
         inconvenient forum.

         Notwithstanding the foregoing, Citibank and the Company unconditionally
         agree that in the event that any holder or beneficial owner of ADSs,
         any participant in any book-entry transfer facility or any other person
         brings a suit, action or proceeding against (a) the Company, (b)
         Citibank or (c) against the Company and Citibank, in any state or
         federal court of the United States, and Citibank or the Company have
         any claim, for indemnification or otherwise, against each other arising
         out of the subject matter of such suit, action or proceeding, then the
         Company and Citibank may pursue such claim against each other in the
         state or federal court in the United States in which such suit, action,
         or proceeding is pending and, for such purposes, the Company and
         Citibank irrevocably submit to the non-exclusive jurisdiction of such
         courts. The consent in the immediately preceding paragraph is to be
         strictly construed in accordance with its terms and shall not be deemed
         a waiver by (a) the Company of any jurisdictional or venue (including
         forum non conveniens) defenses it may have with respect to any suit or
         proceeding brought by any person other than Citibank or with respect to
         any claim or course of action asserted by Citibank that does not arise
         under this Agreement or (b) Citibank of any jurisdictional or venue
         (including forum non conveniens) defenses it may have with respect to
         any suit or proceeding brought by any person other than the Company or
         with respect to any claim or course of action asserted by the Company
         that does not arise under this Agreement.

         The Company irrevocably and unconditionally waives, to the fullest
         extent permitted by law, and agrees not to plead or claim, any right of
         immunity from legal action, suit or proceeding, from set-off or
         counterclaim, from the jurisdiction of any court, from service of
         process, from attachment upon or prior to judgment, from attachment in
         aid of execution or judgment, from execution of judgment, or from any
         other legal process or proceeding for the giving of any relief or for
         the enforcement of any judgment, and consents to such relief and
         enforcement against it, its assets and its revenues in any
         jurisdiction, in each case with respect to any matter arising out of,
         or in connection with, this Agreement.

         The provisions of this Section 12 shall survive any termination of this
         Agreement.

                                       11
<PAGE>   12
13.      PARTIAL INVALIDITY

         In the event that any provision of this Agreement or the application
         thereof to any person or circumstances shall be determined by a court
         of proper jurisdiction to be invalid or unenforceable to any extent,
         the remaining provisions of this Agreement, and the application of such
         provisions to persons or circumstances other than those as to which
         they are held invalid or unenforceable, shall be unaffected thereby and
         such provisions shall be valid and enforced to the fullest extent
         permitted by law in such jurisdiction so long as the fundamental
         relationships among the parties hereunder are not altered.

14.      CONFLICTS AND BENEFITS

         a.       The Company recognizes that Citibank and any of its direct or
                  indirect affiliates (collectively, the "Citigroup") may engage
                  in transactions and/or businesses adverse to the Company or in
                  which parties adverse to the Company may have interests.
                  Nothing in this Agreement shall (i) preclude Citibank or any
                  other member of the Citigroup from engaging in such
                  transactions or businesses, (ii) obligate Citibank or any
                  other member of the Citigroup to (x) disclose such
                  transactions and/or business to the Company, or (y) account
                  for any profit made or payment received in, or as a part of,
                  such transactions and/or business.

         b.       Nothing in this Agreement is intended, nor shall anything
                  contained in this Agreement be deemed, to constitute (i) a
                  waiver of any right under, or an amendment of, any term of any
                  other agreement between the Company and Citibank or any other
                  member of the Citigroup, or any instrument from the Company to
                  Citibank or any other member of the Citigroup, unless such
                  waiver or amendment is specifically acknowledged in writing.

         c.       Nothing in this Agreement is intended to benefit any persons
                  not specifically identified herein. Nothing herein shall be
                  deemed to (i) give rise to a partnership or joint venture or
                  (ii) establish a fiduciary or similar relationship, among the
                  parties hereto.

15.      FORCE MAJEURE/DAMAGES

         Citibank shall be excused from performance of its obligations under
         this Agreement and shall not be liable for any losses, damages, or
         expenses, in each case to the extent caused by the occurrence of any
         contingency beyond its control, including, without limitation,
         nationalization, expropriations, currency restrictions, work stoppages,
         strikes, fire, civil unrest, insurrections, revolutions, riots,
         rebellions, acts of terrorism, explosions, floods, storms, computer
         failures, acts of war, acts of God or similar occurrences. Nor shall
         Citibank incur any liability if it shall be prevented or forbidden
         from, or delayed in, doing

                                       12
<PAGE>   13
         or performing any act or duty required by the terms of this Agreement,
         by reason of any provision of any present or future law or regulation
         of the United States, the Republic of China or any other country, or of
         any other governmental authority or regulatory authority or stock
         exchange, or on account of the possible criminal or civil penalties or
         restraint. Citibank shall not be responsible for any consequential or
         punitive damages for any breach of the terms of this Agreement.

16.      ENTIRE AGREEMENT

         This Agreement (including the Schedules hereto) sets forth the entire
         understanding of the parties in respect of the subject matter hereof
         and supersedes any and all prior agreements, arrangements and
         understandings relating thereto.

17.      COUNTERPARTS

         This Agreement may be executed in several counterparts, each of which
         shall be an original, but all of which shall constitute one and the
         same agreement.

18.      TITLES

         a.       All references in this Agreement to exhibits, articles,
                  sections, subsections, and other subdivisions refer to the
                  exhibits, articles, sections, subsections and other
                  subdivisions of this Agreement unless expressly provided
                  otherwise. The words "this Agreement", "herein", "hereof",
                  "hereby", "hereunder" and words of similar import refer to the
                  Agreement as a whole as in effect between the parties and not
                  to any particular subdivision unless expressly so limited.
                  Pronouns in masculine, feminine and neuter gender shall be
                  construed to include any other gender, and words in the
                  singular form shall be construed to include the plural and
                  vice versa unless the context otherwise requires.

         b.       Titles to sections of this Agreement are included for
                  convenience only and shall be disregarded in construing the
                  language contained in this Agreement.

19.      NOTICES

         a.       Any notice desired or required to be given by one party to the
                  other in accordance with the provisions of this Agreement may
                  be given in any of the following manners:

                  (i)      by facsimile or other similar form of
                           telecommunications sent by one party to the other at
                           its address from time to time notified (in accordance
                           with the terms hereof) for the receipt of such
                           communications, in which event such notice shall be
                           deemed to have been received at the time of receipt
                           as recorded by such method of communication. A copy
                           of every such notice

                                       13
<PAGE>   14
                           shall be sent in writing by pre-paid airmail
                           registered post to the party to whom it is addressed
                           at the address referred to below but the receipt of
                           such copy shall not be a condition to due notice
                           having been given;

                  (ii)     in writing sent by pre-paid airmail registered post
                           at the address mentioned below, in which event such
                           notice shall be deemed to have been delivered five
                           business days after the date of posting;

                  (iii)    in writing by personal delivery at the address of the
                           party to whom it is addressed as set out below, in
                           which event such notice shall be deemed to have been
                           received at the time of delivery.

         b.       Each party shall from time to time notify the other of its
                  addresses for the receipt of facsimile or other forms of
                  telecommunications and for notices in writing.

         c.       Until the Company shall notify Citibank to the contrary in
                  writing, the address of the Company shall be as follows:

                  (i)      for communications by telephone:   011-8867-361-7131

                  (ii)     for communications by facsimile:   011-8867-361-3094

                  (iii)    for communications in writing:

                                    Advanced Semiconductor Engineering, Inc.
                                    26 Chin Third Road
                                    Nantze Export Processing Zone
                                    Kaohsiung, Taiwan
                                    Republic of China
                                    Attn.:  Chairman of the Board of Directors

         d.       Until Citibank shall notify the Company to the contrary in
                  writing, the address of Citibank shall be as follows:

                  (iv)     for communications by telephone:   212-657-5100

                  (v)      for communications by facsimile:   212-825-5398

                  (vi)     for communications in writing:

                                    Citibank, N.A.
                                    111 Wall Street, 20th Floor
                                    New York, NY  10043
                                    Attn:   ADR Department

                                       14
<PAGE>   15

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered as of the date set forth above by representatives
thereunto duly authorized.

                   ADVANCED SEMICONDUCTOR ENGINEERING, INC.

                   By: _______________________________________________
                       Name:
                       Title:

                   CITIBANK, N.A.

                   By: _______________________________________________
                       Name:
                       Title:

Attachments

Schedule I                 Services Schedule
Schedule II                Fee Schedule
Schedule III               Exchange Offer Documentation
Schedule IV                Authorized Officers of the Company

                                       15
<PAGE>   16
                                   SCHEDULE I
                                       TO
                         THE EXCHANGE AGENCY AGREEMENT,
                 DATED AS OF _________, 2000 (THE "AGREEMENT"),
                                 BY AND BETWEEN
           ADVANCED SEMICONDUCTOR ENGINEERING, INC. AND CITIBANK, N.A.

                              --------------------

                                SERVICES SCHEDULE
                              --------------------

         Unless otherwise set forth herein, all capitalized terms used but not
otherwise defined herein shall have the meaning given to such terms in the
Agreement. All terms and conditions of the Agreement are incorporated herein by
reference.

A.       DEFINITIONS

"AGENT'S MESSAGE"          shall mean, with respect to tenders of Rule 144A
                           GDSs, a message transmitted through DTC (as defined
                           below) and forming a part of the DTC confirmation
                           system to, and received by, the Exchange Agent that
                           states that DTC has received an express
                           acknowledgment from a Participant (as defined below)
                           tendering the Rule 144A GDSs that such Participant
                           has received the Exchange Offer Prospectus and agrees
                           to be bound by the terms of the Exchange Offer, as
                           set forth in the Exchange Offer Prospectus, for the
                           tender of each of the Rule 144A GDSs.

"AUTHORIZED OFFICERS"      shall mean any of the persons authorized to act for
                           the Company under this Agreement whose name and
                           specimen signature is set forth in Schedule IV to the
                           Agreement or in any certificate from time to time
                           issued to Citibank by the Secretary or Assistant
                           Secretary of the Company indicating that such person
                           is authorized to act for, and on behalf of, the
                           Company under the Agreement.

"BOOK-ENTRY TRANSFER
FACILITY"                  shall mean DTC (as defined below) which provides a
                           means for book-entry delivery of Rule 144A GDSs and
                           for the delivery of electronic messages by its
                           Participants (as defined below).

                                      I-1
<PAGE>   17
"BUSINESS DAY"             shall mean any day other than a Saturday, Sunday or a
                           bank holiday in either New York City or the Republic
                           of China, and consists of the time period from 12:01
                           a.m. through 12:00 midnight, New York City time.

"DTC"                      shall mean The Depository Trust Company or any other
                           successor institution providing facilities performing
                           substantially similar functions.

"EXISTING DEPOSIT
AGREEMENT"                 shall mean the Deposit Agreement, dated as of July
                           13, 1995, as amended by Amendment No. 1 to Deposit
                           Agreement, dated as of November 30, 1998, which
                           provides, inter alia, for the deposit of Shares and
                           the creation of Rule 144A GDSs representing the
                           Shares so deposited.

"EXISTING DEPOSITARY"      Citibank, N.A., as the Existing Depositary under the
                           terms of the Existing Deposit Agreement.

"EXPIRATION DATE"          shall mean, in respect of the Exchange Offer, _____
                           __.m., New York City time on ________, __________,
                           2000, unless extended by the Company.

"NEW YORK BUSINESS DAY"    shall mean any day other than a Saturday, Sunday or a
                           bank holiday in New York City, consisting of the time
                           period from 12:01 a.m. through 12:00 midnight, New
                           York City time.

"PARTICIPANT"              shall mean, with respect to Rule 144A GDSs, any
                           broker, dealer, bank, trust company or other nominee
                           shown in DTC's records as having Rule 144A GDSs
                           credited to its DTC account.

B. SERVICES

    Citibank, as the Exchange Agent under the Agreement, shall provide the
    following services:

I.  MAILING OF EXCHANGE OFFER MATERIALS:

    The Exchange Agent shall make available copies of the Exchange Offer
    Prospectus and the applicable related materials provided to it by the
    Company and shall, promptly upon commencement of the Exchange Offer, mail or
    deliver all such materials to each Participant in DTC holding Rule 144A GDSs
    on the Business Day preceding the commencement of the Exchange Offer.
                                      I-2
<PAGE>   18
II. TENDERING RULE 144A GDSs.

    The Exchange Agent shall provide the means by which holders of Rule 144A
    GDSs may tender their Rule 144A GDSs to the Exchange Agent by delivery to
    the Exchange Agent of (i) an Agent's Message and (ii) the Rule 144A GDSs by
    means of book-entry transfer into the DTC Book-Entry Account maintained by
    the Exchange Agent for such purpose, in each case on or prior to the
    Expiration Date.

III. GUARANTEED DELIVERY PROCEDURES.

    The Exchange Agent will establish procedures ("Guaranteed Delivery
    Procedures") pursuant to which Rule 144A GDSs may be tendered pursuant to
    the Exchange Offer in cases where (i) Rule 144A GDSs may not be immediately
    available or (ii) the procedures for book-entry transfer through DTC cannot
    be completed on a timely basis. The Exchange Agent shall, as part of the
    Guaranteed Delivery Procedures, require (a) the delivery of a notice of
    guaranteed delivery transmitted to the Exchange Agent by means of an Agent's
    Message through the book-entry transfer facilities of DTC and (b) the valid
    tender of he Rule 144A GDSs to the Exchange Agent within three (3) New York
    Stock Exchange trading days upon the terms set forth in Article II above.

IV. PROCEDURES FOR WITHDRAWAL.

    The Exchange Agent will make available the withdrawal procedures established
    by the DTC Book-Entry Transfer Facility by which Rule 144A GDSs previously
    tendered via the DTC Book-Entry Transfer Facility to the Exchange Agent by
    an Agent's Message may be properly withdrawn at any time on or prior to the
    Expiration Date of the Exchange Offer.

V.  EXAMINATION OF TENDERS.

    A. Examination of Tenders.

    The Exchange Agent shall examine any document delivered to it in connection
    with tenders of Rule 144A GDSs to ascertain whether (i) the Agent's Message
    has been duly and timely transmitted to the Exchange Agent by the Book-Entry
    Transfer Facility, and (ii) tendered Rule 144A GDSs have otherwise been
    validly tendered and not properly withdrawn, in each case on or prior to the
    Expiration Date.

    B. Irregular Tenders.

    In the event the Exchange Agent determines that any Agent's Message or any
    other required document does not appear to have been properly completed or
    executed, or that

                                      I-3
<PAGE>   19
         any other irregularity in connection with the tender appears to exist,
         the Exchange Agent shall endeavor promptly to inform the DTC
         Participant tendering the Rule 144A GDSs of the need for the
         fulfillment of all the requirements and to take any other action as may
         be necessary or advisable to cause such irregularity to be corrected.
         All questions as to the form of documents, validity, form, eligibility
         (including timeliness of receipt) and acceptance for exchange of any
         tender of Rule 144A GDSs shall be determined by the Exchange Agent on
         behalf of the Company in the first instance. If irregularities with
         respect to any tenders have been identified by the Exchange Agent and
         remain uncured, the Exchange Agent shall refer final determination to
         the Company by promptly sending to the Company any document or copy
         thereof which in its judgment would prevent acceptance thereof, and the
         Company shall make the final decision whether or not to accept such
         tender. Upon acceptance by the Company of such Rule 144A GDSs tendered
         pursuant to the Exchange Offer, the Company shall confirm such
         acceptance in writing to the Exchange Agent. In the event that the
         Company does not accept a tender, the Company will provide to the
         Exchange Agent a letter explaining the reason for the non-acceptance.
         Defective submissions shall be deemed validly made only at the time the
         irregularities have been cured to the satisfaction of, or waived by,
         the Company. If any such irregularities are neither so cured nor
         waived, tendered Rule 144A GDSs which are the object of the defective
         submission shall be returned to the DTC Participant, together with any
         other documents received in connection therewith and the letter that
         the Company will have furnished to the Exchange Agent explaining the
         reasons for the return of such Rule 144A GDSs and the other documents.

         C.       Return of Rule 144A GDSs.

         Whenever the Company does not accept a tender of Rule 144A GDSs or Rule
         144A GDSs previously tendered are properly withdrawn in accordance with
         the procedures for withdrawal set forth in the Exchange Offer
         Prospectus, the Exchange Agent shall promptly cause such Rule 144A GDSs
         to be delivered to the account of the tendering DTC Participant,
         together with any other documents received by the Exchange Agent and,
         in the case of non-acceptance of irregularly tendered Rule 144A GDSs,
         the letter from the Company explaining the reasons for such
         non-acceptance.

    VI. DELIVERY OF SHARES REPRESENTED BY RULE 144A GDSs DELIVERED FOR TENDER.

         Promptly after the Expiration Date, the Exchange Agent shall instruct
         the custodian under the Existing Deposit Agreement to deliver to the
         Company the Shares represented by the Rule 144A GDSs validly tendered
         to the Exchange Agent. Upon receipt of confirmation from the Company of
         its acceptance of the Rule 144A GDSs validly tendered in the Exchange
         Offer prior to the Expiration Date, the Exchange Agent shall cancel the
         Rule 144A GDSs so tendered and proceed with the delivery of ADSs upon
         the terms and conditions described below.

                                      I-4
<PAGE>   20
VII.     REPORTS AND RETENTION OF RECORDS.

         A.       Reports.

         The Exchange Agent shall provide the Company with a list of the names
         of all Participants holding Rule 144A GDSs in their DTC accounts,
         together with the applicable number of Rule 144A GDSs held as of the
         close of business on the Business Day preceding the date of
         commencement of the Exchange Offer (as such date is set forth in the
         Exchange Offer Prospectus).

         The Exchange Agent shall provide to the Company written reports by
         facsimile transmission or other acceptable form of delivery, weekly (or
         upon one full Business Day's advance notice), until the final week of
         the Exchange Offer, whereupon the Exchange Agent shall provide daily
         reports, to a person designated by the Company specifying the
         following:

        (i) the numbers of Rule 144A GDSs validly tendered during the preceding
            Business Day; and

        (ii) the numbers of Rule 144A GDSs validly tendered and not properly
            withdrawn, in each case, since the commencement of the Exchange
            Offer.

        B. Retention of Records.

        The Exchange Agent shall retain records of each electronic message and
        any other materials relating to the Exchange Offer submitted to the
        Exchange Agent by the Company, any Participant or any holder of Rule
        144A GDSs.

VIII.    DELIVERY OF ADSs.

         The Exchange Agent shall deliver or cause to be delivered by means of
         book-entry delivery through the DTC Book-Entry Transfer Facility the
         applicable number of whole ADSs to the accounts of the DTC Participants
         who validly tendered Rule 144A GDSs on behalf of a holder of Rule 144A
         GDSs, upon receipt of (i) confirmation from the Company that the Rule
         144A GDSs previously tendered to the Exchange Agent have been accepted
         for tender and that all conditions of the Exchange Offer have been
         satisfied or validly waived and (ii) a deposit of the appropriate
         number of Shares with the Custodian on behalf of the Depositary to
         support the issuance of such ADSs.

IX.      Fractional Entitlements.

                                      I-5
<PAGE>   21
    No fractional ADSs will be issued in the Exchange Offer. The Exchange Agent
    shall aggregate fractional entitlements to ADSs (if any) resulting from the
    valid tender of Rule 144A GDSs and instruct the U.S. Broker to sell, as soon
    as reasonably practicable, such ADSs on The New York Stock Exchange. The
    Exchange Agent shall distribute the proceeds of such sale, without liability
    for interest, after deduction of applicable fees and expenses to the
    tendering holders of Rule 144A GDSs entitled thereto by means of a credit
    delivered by book-entry transfer to the accounts of the applicable
    Participants at DTC maintaining accounts for such tendering holders.

X.  NO ACCEPTANCE OF TENDERS OF OTHER SECURITIES.

    The Exchange Agent shall not accept in such capacity any tender of any
    securities in the Exchange Offer other than Rule 144A GDSs and shall refuse
    any attempted tenders of securities other than Rule 144A GDSs.

XI. TAXES

    A.  The exchange of ADSs for Rule 144A GDSs validly tendered to the Exchange
        Agent in the Exchange Offer will be treated as a "non-recognition" event
        for federal income tax purposes. The Exchange Agent shall not be
        required to mail to the recipients of ADSs any tax reports or to file
        any reports with the U.S. Internal Revenue Service ("I.R.S.") in respect
        of the Rule 144A GDSs delivered in the Exchange Offer.

    B.  On or before January 31st of the year following the year of the Exchange
        Offer, the Exchange Agent will prepare and mail to each holder of Rule
        144A GDSs who has received payment from the Exchange Agent of cash in
        lieu of fractional ADS entitlements in accordance with the terms hereof,
        other than holders of Rule 144A GDSs who demonstrate their status as
        nonresident aliens in accordance with U.S. Treasury Regulations
        ("Non-U.S. Holders") or other recipients providing evidence of exempt
        status, a Form 1099-B reporting cash in lieu of fractional ADS
        entitlements (if any) delivered to such holders as of the year of
        payment, to the extent required by, and in accordance with, U.S.
        Treasury Regulations. The Exchange Agent will also prepare and timely
        file copies of such Forms 1099-B by magnetic tape with the I.R.S.
        ("I.R.S."), and take any further actions to the extent required by, and
        in accordance with, U.S. Treasury Regulations.

    C.  If the Exchange Agent has not received notice from the surrendering
        holder of Rule 144A GDSs of such holder's Taxpayer Identification Number
        ("TIN"), or if such TIN has not been certified as correct, the Exchange
        Agent shall deduct and withhold 31% Backup Withholding Tax from any cash
        payment made to such holder (other than a Non-U.S. Holder) and remit
        such funds to the I.R.S. in accordance with the Exchange Agent's
        standard procedures.

                                      I-6
<PAGE>   22
    D.  Should any issue arise regarding federal income tax reporting or
        withholding the Exchange Agent will take such action as the Company
        instructs to the Exchange Agent in writing. The Company agrees to
        reimburse the Exchange Agent for such actions.

XII. MODIFICATION OF EXCHANGE OFFER.

    The Company has reserved the right to terminate or amend the Exchange Offer.
    the company will give notice of any such termination or amendment to the
    Exchange Agent as promptly as possible. In the event of an amendment to the
    Exchange Offer, Citibank will follow the reasonable instructions of the
    Company with respect to the amended Exchange Offer to the extent consistent
    with this Agreement.

                                      I-7
<PAGE>   23

                                   SCHEDULE II
                                       TO
                         THE EXCHANGE AGENCY AGREEMENT,
                 DATED AS OF __________, 2000 (THE "AGREEMENT"),
                                 BY AND BETWEEN
           ADVANCED SEMICONDUCTOR ENGINEERING, INC. AND CITIBANK, N.A.

                                  FEE SCHEDULE

Please refer to the Fee Proposal attached.

                                     II-1
<PAGE>   24
                                  SCHEDULE III
                                       TO
                         THE EXCHANGE AGENCY AGREEMENT,
                 DATED AS OF __________, 2000 (THE "AGREEMENT"),
                                 BY AND BETWEEN
           ADVANCED SEMICONDUCTOR ENGINEERING, INC. AND CITIBANK, N.A.

                          EXCHANGE OFFER DOCUMENTATION

Exchange Offer Prospectus, dated __________, 2000

Letter to Brokers, Dealers, Banks, Trust Companies, Custodians and Other
Nominees dated __________, 2000

Letter to Clients, dated __________, 2000

                                     III-1
<PAGE>   25

                                 SCHEDULE IV TO
                         THE EXCHANGE AGENCY AGREEMENT,
                 DATED AS OF __________, 2000 (THE "AGREEMENT"),
                                 BY AND BETWEEN
           ADVANCED SEMICONDUCTOR ENGINEERING, INC. AND CITIBANK, N.A.

                             AUTHORIZED SIGNATORIES

            NAME                       TITLE                   SIGNATURE

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

      -----------------          -----------------         -----------------

                                     IV-1

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