Acter Group Co., Ltd. ("Acter", Taipei Stock Exchange: 5536) announced today that its consolidated revenue for the first quarter of 2024 was NT$5.48 billion, a slight decrease of 2% YoY. Under the streamlined operational costs and expenses within the group, the Q1 overall gross profit margin achieved a level of 21%, with net profit attributable to owners of the parent company at NT$0.43 billion, net profit after tax at NT$0.59 billion, the EPS reached NT$3.45. The overall operational performance same as comparable to the same period last year, with Q1 profits was setting a second-highest historical for the same period compared to previous years.

Benefiting from the steady momentum in the recognition of project engineering orders in China and Southeast Asia, the revenue YoY growth of 11% and 22%, contributing to a rise in the overall revenue share to 46% and 8% respectively. In addition, there is a growing order in Taiwan, with construction scheduled to start in the second half of the year. Operations in Taiwan are expected to remain positive for the rest of the year. The group's core strategy of diversification in industries, regions, and types of engineering work has effectively mitigated market volatility and contributed positively to long-term operations, resulting in the second highest first quarter performance compared to the same period in previous years. Additionally, the observation of customers in sectors such as electronic components, PCB, and general manufacturing gradually advancing expansion projects in the Southeast Asian region, coupled with a new wave of regional expansion initiatives in the semiconductor industry expected in the latter half of the year, all contribute to fostering a favorable growth momentum for future operations.

Looking ahead to Q2 2024, Acter is keeping a cautiously optimistic mind, continuing to expand order performance in Taiwan, China, and Southeast Asia, while also expanding the footprint in the Asian market for cleanroom and electromechanical integration services, maintain high level for the backlog and boost the overall operational momentum of the group. Additionally, recognizing the increasing demand for green and sustainable transformations across industries, Acter continues to develop innovative green construction methods. Simultaneously, Acter is expanding its services to cater to the upgrading and renovation needs of existing factories, striving to inject more sustainability and competitiveness into various industry transformations, enhancing the business stickiness among customers from multiple industries and laying the foundation for a competitive advantage as a comprehensive electromechanical professional EPCM service provider.

The results of the 10th Corporate Governance Evaluation, recently conducted by the Taiwan Stock Exchange and the Taipei Exchange were announced. Acter has been honored for the 9th terms as one of the top 5% of companies, that shows Acter in comprehensive evaluation indicators across four dimensions with safeguarding shareholder rights and equality, strengthening the board's structure and operation, enhancing transparency, and promoting sustainability. Acter in ESG sustainable principles into its corporate culture to drive long-term operational development. Actively implementing various corporate governance measures and integrating ESG into operational policies, it continues to advance sustainable strategies and goals, aligning with international standards. It is pursuing economic, environmental, and social integration with employees, shareholders, and society, and expects to be a benchmark for sustainable development in the cleanroom integration engineering industry.

（attachment 1）Acter* FY2024 Q1 consolidated financial summary

Unit: NTD in thousand

The decrease in EPS in the first quarter of 2024 compared to the same period last year was mainly due to an increase in weighted average shares outstanding and an increase in non-controlling interests.

IR Contact:

Acter’s Spokesperson             Jeff Liang          (04)2258-1516    IR@acter.com.tw

IR Trust Vice President          Sandy Cheng    (02)2585-5701    sandy@ir-trust.tw