CX TECH — Investor Presentation 2021

Jul 29, 2021

==> picture [721 x 130] intentionally omitted <==

==> picture [721 x 130] intentionally omitted <==

==> picture [721 x 130] intentionally omitted <==

錩新科技股份有限公司 CX Technology Corporation

CX Technology

Top Supplier & Manufacturer of Forging and Stamping Products in the World

• Biggest manufacturer of forging speaker components in the world • Listed company in Taiwan Stock Exchange (Security Code：2415) • Top supplier and manufacturer of forging, stamping and plastic injection of speaker components. High R&D abilities in developing back plate, front plate, sell pot, aluminum cone, and basket etc. • Headquarters- Taipei, back office including marketing, finance departments Factory- Ho Chi Minh, Hai Duong, and		Milestones
	1972	Taiwan plant commenced operation
	1996	Vietnam plant commenced operation
	1998	Listed company in OTC
	2000	Listed company in TW Stock Exchange
	2002	China plant commenced operation
	2011	Vietnam plastic injection plant mass production
	2014	Merrimack River Precision Industrial Corporation commenced operation
Shanghai • Employees: 1,300 • 2019 Market share of automotive speaker components in the world: 20%, which means one-fifth cars in the world have speaker components made by CX.
	Enterprise Spirit 新Innovation 速Speed 實Substance 簡Simplicity

2

Board Member

- Chairman Albert Ting

- Director C.Y. Wang

Experience Experience MIT Sloan School of Management (MBA) Chung Yuan Christian UniversityHarvard College (AB in Economics) Department of Chemical Engineering Vice President of Morgan Stanley Chairman of China Steel Corp. Vice Chairman of CX Technology CEO of Ministry of Economic Affairs, State Honorable Director of Chinese Military Owned Enterprise Commission Academy Independent Director of CTBC Bank 2011 Eisenhower Fellow Independent Director of Chinatrust Financial Current Position Holding Co., Ltd. Chairman of CX Technology (Vietnam) Current Position Director of CX Technology (Shanghai) Director of General Biologicals Corporation Chairman of Merrimack River Precision Chairman of Phu Hung Securities Corporation Chairman and General Manager of Freshfields Corp.

==> picture [90 x 65] intentionally omitted <==

3

Board Member

- Director Joey Chung I Wang

Experience

National Taiwan Ocean University Senior Program for Intelligence Management. BND Germany Master Program and Visiting Scholar, Faculty of Law, Jesus College, University of Cambridge, UK Research Fellow, Center for International Documentation on organized and Economic Crime(CIDOEC), UK National Executive Institute, FBI, USA Ambassador, ROC Representative Office in the Czech Republic Director General, Investigation Bureau, Ministry of Justice Director, Department of International Affairs, Investigation Bureau, Ministry of Justice Current Position Chief Advisor, Phu My Hung Holdings Group

- Director San Rong Lii

Experience

Manager, First Commercial Bank, Taiwan General Manager, Macoto Bank Advisor, Taiwan Academy of Banking and Finance

Current Position

Member of Inspection Committee, CX Technology Corp. Member of Inspection Committee, CX Technology (VN) Corp. Member of Inspection Committee, CX Technology (Shanghai) Corp.

Member of Inspection Committee, Merrimack River Precision

Member of Inspection Committee, Phu Hung Life Insurance Joint Stock Company Director, Fortuna Development Corp. Director of Central Trading & Development Corp.

4

Board Member

- Independent Director Lin Mei Ling

Experience

Fu Jen Catholic University - Department of Accounting Supervisor of the National Federation of CPA Associations, R.O.C.

Partner & CEO of First Horwath & Company CPAs

Current Position

Partner, Director, and CEO of Crowe Horwath (TW) CPAs Independent Director, Member of Remuneration Committee of APPRO HOTOELECTRON INC.

==> picture [91 x 66] intentionally omitted <==

- Independent Director Yun Ti Young

Experience

– Feng Chia University Department of Bank Insurance

Sales Manager of KMP Taiwan Company LTD. General Manager of Tan Thuan Corporation Current Position

Director of Tan Thuan Corporation

- Independent Director Jian You Liu

Experience

National Taiwan University Department of Law (BA) National Chengchi University College of Law (Master)

Attorney of Higher Examination - Certified Patent Attorney - Certified

Current Position

Attorney at Law of Hong Young Law Office

5

Manufacturing Bases

==> picture [647 x 423] intentionally omitted <==

----- Start of picture text -----

Taipei,
Taiwan
(Corporate Headquarters)
Established 2011
Land area 12,500+ m [2]
Building area 12,500+ m [2] Relocated in year 2013
approx. 200+ employees Office area 384+m [2]
approx. 25 employees
Hai Duong,
Vietnam Shanghai,
(Manufacturing) China
(Trading)
Ho Chi Minh,
Vietnam
(Manufacturing)
Established 2002
Established 1996 Land area 33,720+ m [2]
Building area around 14,300+ m [2]
Land area 58,000+ m [2]
approx. 15 employees
Building area 34,000+ m [2]
Main Product: Automotive Parts
approx. 900+ employees
Others: Speaker Parts
Main product: Speaker Parts
Others: Automotive and motorcycle parts
----- End of picture text -----

6

Quality Assurance ISO 9001, ISO14001, IATF16949

==> picture [264 x 173] intentionally omitted <==

==> picture [122 x 172] intentionally omitted <==

==> picture [122 x 172] intentionally omitted <==

==> picture [121 x 172] intentionally omitted <==

==> picture [122 x 172] intentionally omitted <==

==> picture [122 x 172] intentionally omitted <==

==> picture [122 x 172] intentionally omitted <==

7

A Global Leader in Stereo Speaker Components

==> picture [675 x 384] intentionally omitted <==

----- Start of picture text -----

China
(Trading)
Taiwan (Corporate HQ)
Vietnam
(Manufacturing)
----- End of picture text -----

8

Diversified OEM Supplier

==> picture [643 x 409] intentionally omitted <==

----- Start of picture text -----

Integrated Service • T-Yoke • Metal Frame
• Production Efficiency • U-Yoke • Metal Basket
• • Front-Plate • Copper cap
Reliable Quality
• Aluminum cone
•
Product Diversity
Forging Stamping
Surface
Injection
Treatment
•
Speaker Frame
• •
Grille Assembly Barrel Plating
• •
Hot Stamping Hanger Plating
• •
Plastic Basket, Pad Anodizing
Printing • E-Coating
----- End of picture text -----

9

Speaker Components

==> picture [101 x 68] intentionally omitted <==

==> picture [101 x 67] intentionally omitted <==

==> picture [101 x 90] intentionally omitted <==

==> picture [101 x 66] intentionally omitted <==

==> picture [101 x 69] intentionally omitted <==

==> picture [101 x 58] intentionally omitted <==

==> picture [622 x 290] intentionally omitted <==

10

CX & MRP manufacture all speaker components except voice coil, damper and magnet.

End to End Solution Provider

==> picture [672 x 428] intentionally omitted <==

----- Start of picture text -----

Heading Progressive Forging Progressive Stamping CNC Machining
Barrel Plating Hung Plating Anodizing E-Coating
NC Machining Injection Molding Sub Assembly Automated Assembly
11
----- End of picture text -----

Cold Forging Products

導磁極 /T 鐵 導磁座 導磁環 汽車部件 Back Plate Shell Pot Core Cap Auto Parts 嵌入式鍛造件 Basket Insert

==> picture [143 x 87] intentionally omitted <==

==> picture [143 x 87] intentionally omitted <==

==> picture [144 x 87] intentionally omitted <==

==> picture [144 x 87] intentionally omitted <==

==> picture [144 x 87] intentionally omitted <==

==> picture [143 x 87] intentionally omitted <==

12

Stamping Products

導磁環/華司		銅套	鋁製品	嵌入式沖壓件
Front Plate		Copper Cap	Aluminum Products	Basket Insert
		汽車影音設備外罩 Automotive Media Center Housings

13

Business Overview: Revenue

- 500,000 1,000,000 1,500,000 2,000,000 2,500,000	2017 2018 2019 2020 2021/Jan.-Mar. 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2,264,461 2,199,388 2,191,283 1,966,569 627,724 NTD (thousand) 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2017 2018 2019 2020 2021 Q1 Q4 Q3 Q2 Q1	2017 2018 2019 2020 2021/Jan.-Mar. 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2,264,461 2,199,388 2,191,283 1,966,569 627,724 NTD (thousand) 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2017 2018 2019 2020 2021 Q1 Q4 Q3 Q2 Q1	2017 2018 2019 2020 2021/Jan.-Mar. 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2,264,461 2,199,388 2,191,283 1,966,569 627,724 NTD (thousand) 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2017 2018 2019 2020 2021 Q1 Q4 Q3 Q2 Q1	2017 2018 2019 2020 2021/Jan.-Mar. 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2,264,461 2,199,388 2,191,283 1,966,569 627,724 NTD (thousand) 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2017 2018 2019 2020 2021 Q1 Q4 Q3 Q2 Q1	2017 2018 2019 2020 2021/Jan.-Mar. 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2,264,461 2,199,388 2,191,283 1,966,569 627,724 NTD (thousand) 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2017 2018 2019 2020 2021 Q1 Q4 Q3 Q2 Q1	2017 2018 2019 2020 2021/Jan.-Mar. 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2,264,461 2,199,388 2,191,283 1,966,569 627,724 NTD (thousand) 533,978 532,049 524,270 520,106 627,724 545,667 549,389 579,827 327,329 595,012 589,686 566,157 490,600 587,787 526,246 519,010 626,514 2017 2018 2019 2020 2021 Q1 Q4 Q3 Q2 Q1
Year		2017	2018	2019	2020	2021/Jan.-Mar.
Q1		533,978	532,049	524,270	520,106	627,724
Q2		545,667	549,389	579,827	327,329
Q3		595,012	589,686	566,157	490,600
Q4		587,787	526,246	519,010	626,514
Total		2,264,461	2,199,388	2,191,283	1,966,569	627,724

14

Business Overview: Gross Margin

==> picture [644 x 393] intentionally omitted <==

----- Start of picture text -----

35%
33%
30%
28%
26%
25%
25% 24%
20%
15%
10%
5%
0%
2017 2018 2019 2020 2021 Q1
Year 2017 2018 2019 2020 2021 Q1
Gross Margin 28% 26% 24% 25% 33%
----- End of picture text -----

15

Business Overview: Operating Income

==> picture [645 x 404] intentionally omitted <==

----- Start of picture text -----

NTD (thousand)
300,000
249,735
250,000
229,589
212,533
200,000
176,792
150,000
126,994
100,000
50,000
0
2017 2018 2019 2020 2021 Q1
Year 2017 2018 2019 2020 2021 Q1
Operating
249,735 212,533 176,792 229,589 126,994
Income
----- End of picture text -----

16

2019 5[th] Taiwan Mittelstand Award

from Industrial Development Bureau, Ministry if Economic Affairs

==> picture [259 x 417] intentionally omitted <==

==> picture [308 x 416] intentionally omitted <==

17

Invested Company- Phu Hung Securities Corp.

==> picture [515 x 290] intentionally omitted <==

18

Phu Hung Securities Corporation Introduction

• Trading System &

• Main Business Research Reports

• • In 2008, our group invested into Au Lac Securities Company and changed its Brokerage name to Phu Hung English

• Securities Corporation in 2009. Investment Advisory

• • Obtained securities underwriting license Chinese Securities Depository

• in 2011 and became a full-scale securities company afterwards. Dealing Vietnamese

• Underwriting

==> picture [132 x 80] intentionally omitted <==

19

Phu Hung Securities Corporation

Our Network

• PHS is the first foreign

invested securities company completing the consolidation with a local securities company

• PHS is a high localization company, which has only one foreign employee and the other 291 are all Vietnamese

• 2020 PHS's government bond brokerage market share ranks 4[th]

==> picture [132 x 74] intentionally omitted <==

==> picture [141 x 322] intentionally omitted <==

Hanoi

• Hanoi Branch

• • Thanh Xuan Branch

• Hai Phong • Hai Phong Branch

• Ho Chi Minh City • H.O. Trading Office

• • Tan Binh Branch

• • District 3 Branch

• • District 1 Branch

20

Business Overview

Charter Capital

Number of customers

	Charter Capital	Number of customers
• 2020 PHS revenue VND65.72 Bn (USD2,853,000) • 2021 from Jan. to Mar. total revenue is VND28.49 Bn (USD1,239,000) • Will increase VND 1.4 trillion(USD 61.08 million) of charter capital in 2021 Q3. • PHS holds 9.5% of total foreigners’ securities accounts in Vietnam	Unit: USD ( ten thousand) 217 433 585 1,299 1,386 2,165 3,032 3,898 6,108 2 0 0 6 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 6 2 0 1 8 Q 12 0 1 8 Q 42 0 2 0 Q 12 0 2 1 Q 3	Unit: Accounts 46,615 48,38349,68050,43951,007 55,156 57,427 62,155 67,126 72,646 74,519
		2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 02 0 2 1 / 0 3

21

Business Overview

• 2018 July 25, market share 7.61% • Strong risk control abilities, PHS’margin outstanding has steady grown to more than 11 times during these 6 years. • Revenue increased significantly through margin business in 2017.	Market Share 0.88% 0.92% 1.15%1.13% 1.22% 1.32% 0.99% 1.08% 1.33% 1.12%1.14%	Market Share 0.88% 0.92% 1.15%1.13% 1.22% 1.32% 0.99% 1.08% 1.33% 1.12%1.14%		Margin Outstanding Unit: USD (ten thousand
				261 159 588 957 2,052 2,334 2,878 4,959 4,741 6,038 7,345

22

==> picture [708 x 136] intentionally omitted <==

==> picture [708 x 271] intentionally omitted <==

----- Start of picture text -----

Thank You
謝謝指教
----- End of picture text -----

23