Issuer: Apex International Co., Ltd.
Issuance date: 1 March 2024

Chuan-Neng Lin, Vice Minister of the Ministry of Economic Affairs (middle), led III, ITRI and the Economic Division of the Taipei Economic and Cultural Office in Thailand to visit Apex. Apex Chairman Wang (third from left) and CEO Chou (fourth from right) led the management team to attend the meeting.

Today (1st), Chuan-Neng Lin, Vice Minister of the Ministry of Economic Affairs, led the Institute for Information Industry(III), the Industrial Technology Research Institute(ITRI), and the Economic Division of the Taipei Economic and Cultural Office in Thailand to visit Apex's factory in Thailand. Chairman Wang Shu-Mu and CEO Chou Jui-Hsiang led the management team to share the business philosophy and overview of Apex. They also exchanged views on the changing trends in the electronics industry supply chain and international carbon reduction issues.

Apex was founded in 2001 in Samut Sakhon Province, Thailand. With a people-oriented management philosophy and a combination of Eastern cultural values and Western scientific management principles, Apex is dedicated to lean factory management and improving the lives of its employees. With the gradual growth in customer demand, Apex now operates four factories in Samut Sakhon Province, Thailand, with a maximum monthly production capacity of about 1 million square meters and 8,000 employees. Besides, Apex is a leading supplier of printed circuit boards for TVs, printers, and Set-top boxes worldwide.

In addition to the continuous expansion of our core business, Apex also focuses on corporate sustainability. Since 2021, we have launched the "GREEN Project" to enhance Apex's management of renewable energy and water resources. Among them, the "Solar Project" has already reached a total installed capacity of 5MW. With the advantage of Thailand’s annual average sunshine of about 200 days, it is estimated that the annual carbon reduction could exceed 3,700 tons. The "Aqua Project" starts with three aspects of physical, chemical, and biochemical treatments to build the wastewater system. By diverting factory wastewater and utilizing wastewater treatment technologies, we have achieved a wastewater recycling rate of approximately 30%. We expect to achieve a 40% wastewater recycling rate in the first phase.

Since the initiation of the New Southbound Policy in 2016, the government has focused on four key pillars - "economic and trade cooperation," "talent exchange," "resource sharing," and "regional connections." - it aims to forge a mutually beneficial, win-win model of cooperation with ASEAN and South Asian countries as well as Australia and New Zealand. Apex has deeply developed in Thailand for many years, dedicated to achieving win-win situations for shareholders, local Thai employees, suppliers, and customers. The promotion of the New Southbound Policy aligns Apex's strategies with government directions and international trends. Under the new economic trends, through government integration to explore the Southeast Asian supply chain, Apex will work with the country, Taiwanese companies, and local governments to embrace a future of mutual benefit for all parties.

【About Apex】
Apex is a professional Printed Circuit Board manufacturer with over 8,000 employees, where 99% are Thai nation. Now, Apex has four factories, including Apex 1, Apex 2, Apex 3, and Apex Shye Feng. The main operations and administrative centers are located in Apex 2 and Apex 3. The main business is the production and sales of single-sided, double-sided, and multi-layer printed circuit boards. The end product includes LCD TVs, set-top boxes, hard disks, printers, and multimedia equipment for automobiles.

The name "Apex" comes from the first two letters of APPROACH and EXCELLENCE. Chairman Wang Shu-Mu thought that perfect is difficult so our goal shall be to approach excellence. The Chinese name of Apex was named when Apex IPO listed in Taiwan with two Chinese words. The two Chinese words, one tells the public that we were based in Thailand; another implies the stability of Apex and also tells the public about the solid foundation of Apex in Thailand's PCB industry.