Alliance Fiber Optic Products, Inc. (AFOP) Declares Annual Cash Dividend

Alliance Fiber Optic Products, Inc. (AFOP) Declares Annual Cash Dividend

SUNNYVALE, Calif., Nov. 7, 2013 (GLOBE NEWSWIRE) -- Alliance Fiber Optic
Products, Inc. (Nasdaq:AFOP), an innovative supplier of fiber optic
components, subsystems and integrated modules for the optical network
equipment market, today declares an annual cash dividend of $0.15 (Fifteen
cents) per share to be paid on December 23, 2013, to the record holders of
AFOP common stock as of the close of business on December 6, 2013. The last
year annual cash dividend was $0.125 (Twelve and one half cents), adjusted for
a two-for-one stock split occurring in August, 2013.

Peter Chang, President and Chief Executive Officer, commented, "AFOP has been
achieving record quarterly profits in the last two quarters and is on the way
to deliver record annual financial performance. While our priority is to grow
the business through research and development or acquisition of businesses, we
will use additional resources to enhance shareholder value as well. We believe
that an annual cash dividend is appropriate and will contribute to this goal,
as we maintain our commitment to research and development or possible merger
and acquisition opportunities to fuel our growth in the future." concluded Mr.
Chang.

About AFOP

Founded in 1995, Alliance Fiber Optic Products, Inc. designs, manufactures and
markets a broad range of high performance fiber optic components and
integrated modules. AFOP's products are used by leading and emerging
communications equipment manufacturers to deliver optical networking systems
to the long-haul, enterprise, metropolitan and last mile access segments of
the communications network. AFOP offers a broad product line of passive
optical components including interconnect systems, couplers and splitters,
thin film CWDM and DWDM components and modules, optical attenuators, and
micro-optics devices. AFOP is headquartered in Sunnyvale, California, with
manufacturing and product development capabilities in the United States,
Taiwan and China. AFOP's website is located at http://www.afop.com.

Except for the historical information contained herein, the matters set forth
in this press release, including statements as to our expectations regarding
future revenue levels, profits, margins, and sales and the time periods
thereof and our beliefs regarding demand for data communications and growth in
the fiber optics industry are forward looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially, including,
but not limited to general economic conditions and trends, trends in demand
for bandwidth, the impact of competitive products and pricing, timely
introduction of new technologies, timely design acceptance by our customers,
the acceptance of new products and technologies by our customers, customer
demand for our products, the timing of customer orders, loss of key customers,
our ability to ramp new products into volume production, the mix of products
sold and product pricing, the costs associated with running our operations,
industry-wide shifts in supply and demand for optical components and modules,
industry overcapacity and demand for bandwidth, the success of cost control
initiatives, our ability to obtain and maintain operational efficiencies,
financial stability in foreign markets, and other risks detailed from time to
time in our SEC reports, including AFOP's quarterly report on Form 10-Q for
the quarter ended June 30, 2013. These forward-looking statements speak only
as of the date hereof. AFOP disclaims any intention or obligation to update or
revise any forward-looking statements.

CONTACT: Anita Ho
         Acting Chief Financial Officer
         Alliance Fiber Optic Products, Inc.
         Phone: 408-736-6900 x168

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