Acter Group Co., Ltd. (hereinafter “Acter*”, Ticker: 5536 TT) announced February 2023 revenue. On a consolidated basis, our February 2023 revenue reached NTD1.83 billion, up 36% YoY. 2023 accumulated revenue grew 11% YoY to NTD3.26 billion. While macro environment remains uncertain, and near-term operation is still affected by fluctuations of raw material prices and labor costs, Acter* has managed to mitigate the risks by using large-scale procurement, strictly controlling various costs and expenses, and actively tracking project progress. As a result, strong execution has enabled Acter* to maintain on-schedule progress for all projects and deliver stable sales growth.

2023 Outlook:

While many semiconductor manufacturers have revised down their Capex programs in response to excessive inventory build-up in the second half of 2022, the United States, Japan, and Europe all have launched semiconductor industry development plans, and Taiwan’s semiconductor factories also vow to continue to expand capacity in Taiwan. Acter* believe that long-term outlook remains promising and the Group, backed by its core technology, will continue to win new orders. While most new project opportunities still come from Taiwan and China, Southeast Asia represents a fast-growing market, where Acters* expects to grow its new orders in coming years.

Currently, Acter*’s accumulated backlog is more than NT$30bn, which is enough to support the operation in the next 1-2 years. In 2023, we remain cautious and optimistic toward our earnings. Taiwanese companies with manufacturing as their core competitiveness will play a pivotal role in the development of a "resilient supply chain", and the corporate investment cycle driven by supply chain restructuring across various industries will continue to generate project opportunities. With its diversification strategies across multi-industries and multi-regions, Acter* should benefit from the abovementioned capex cycle and secure new orders.

*The number is unaudited.

Acter* Monthly Sales (February 2023)：                         

Unit: NTD thousand；%

2022 Dividend Semi-Annual Payout Schedule (par value NT$5/share)

The company's par value per share is NT$5. Total cash dividend reaches NT$11.92 per share in 2022. If converted to 10 par value per share, the distribution is equivalent to NT$23.84 in cash dividends.

IR Contact:

Acter Assistant Vice President  Miss Tsao  (04)2261-5288  IR@acter.com.tw

IPR Advisors   Tim Chen   (02)2758-0339  ir@ipradvisors.com