Speed Tech Corp.

04/30/2024 | Press release | Distributed by Public on 04/30/2024 01:57

Clarification on recent media report

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Provided by: SPEED TECH CORP.
SEQ_NO 2 Date of announcement 2024/04/30 Time of announcement 15:54:14
Subject
 Clarification on recent media report
Date of events 2024/04/30 To which item it meets paragraph 53
Statement
1.Date of occurrence of the event:2024/04/30
2.Company name:SPEED TECH CORP.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):head office
4.Reciprocal shareholding ratios:N/A
5.Name of the reporting media:anue、Economic Daily News
6.Content of the report:
anue:
SPEED TECH is a connector factory owned by Luxshare Precision. In addition
to high-frequency, high-speed, high-current connectors and wire harnesses,
it also has precision mechanical components, system assembly and other
businesses.SPEED TECH is optimistic that as the parent group actively
seizes the AI supply chain, there will be opportunities for further
cooperation,and it is expected to benefit simultaneously.
Economic Daily News:
The red supply chain indicator factory Luxshare is targeting NVIDIA's GB200
AI server supply chain. Although some Taiwanese manufacturers may face
competition, its Taiwan subsidiary SPEED TECH CORP.is expected to
receive transfer orders, taking a big bite in AI-related Business.
7.Cause of occurrence:
The Company does not provide or publicly disclose any predictive financial
information to outside parties. Some of the customer base and product
information reported by relevant media are unilateral speculations by the
media. Regarding the company's products, financial and business development
information, please refer to the public observation station information and
the company's official website.
8.Countermeasures:Release important information and clarifications on MOPS.
9.Any other matters that need to be specified:None.