China Precision Measurement June 2023 Revenue Report and Disclosure of ESG Sustainability Report Results

Chunghwa Precision Test Tech Co., Ltd. announced today (3rd) the revenue report for June 2023, with a monthly consolidated revenue of NT$269 million, an increase of 12.8% compared to the previous month, but a decrease of 35.0% compared to the same period last year; the consolidated revenue for the second quarter was NT$744 million, an increase of 10.2% compared to the previous quarter, but a decrease of 37.2% compared to the same period last year; the cumulative consolidated revenue for the first six months reached NT$1.42 billion, a decrease of 29.5% compared to the same period last year. After experiencing a sluggish first half of the year in the industry, although the recovery in the third quarter is slower than expected, there is still a chance for the second half of the year to outperform the first half as the demand for AI and automotive-related semiconductor testing gradually increases. The company has set July 6 as the ex-dividend date and will distribute a dividend of NT$11.75 per share to shareholders on August 4.

The company's revenue in June reached a high point for the year, mainly benefiting from strong demand for AI applications driving the recovery of HPC (High-Performance Computing) probe card orders. On the other hand, the demand for automotive-related chip testing is gradually warming up, with the overall monthly revenue share of probe cards rising to 20%. However, due to the continued weakness in smartphone chip testing demand, the overall revenue performance in the second quarter is lower than the same period last year. Based on the current progress of inventory adjustments in the industry chain, the recovery of operations in the third quarter is expected to be slower than anticipated. The company is actively managing costs internally to strive for long-term stable development of operations.

Sustainable development is gradually becoming a core value in global corporate management. Chung Hwa Precision Test Technology Co., Ltd. actively discloses its ESG sustainability report and responds to corporate practices in building a sustainable ecosystem. This year, it has once again been awarded the Top 5% Outstanding Enterprise Award in the corporate governance evaluation for listed companies, presented by Chairman Chen Yongcheng of the Securities Over-the-Counter Market. Chairman Ma Hongcan of the company attended the award ceremony (photo attached). In addition, Chung Hwa Precision Test has performed excellently in ESG and has recently been included in the "OTC ESG 30 Index" component stock list after being reviewed according to index compilation rules. These honors affirm Chung Hwa Precision Test's achievements in its international expansion. The company will continue to fulfill its corporate ESG responsibilities and has just completed the disclosure of the latest "2022 Sustainability Report" on June 30 of this year. For more related information, please visit the company's official website.www.chpt.com。(完)