Laster Tech — Investor Presentation 2019

Mar 28, 2019

www.lastertech.com

LASTER TECH CO., LTD.

Executive Summary

• �Laster Tech manufactures LED lighting module for automotive lighting. We attract and retain our customers through the customized design flow and R&D core value we offer.

• �We collaborate with ODM/OEM and Tier 1 customers worldwide to develop customized module amidst the rising LED lighting penetration trend within Automotive industries.

• �We aim to be our world class customers’ top strategic partner within Auto LED lighting industry. We will strive to maximize the advantages of LED head light with our expertise on electronic functions complexity toward the era of NEV.

• �With excellent employee quality and resource allocation across Asia, we will drive our revenue growth to maintain shareholder’s return.

LASTER TECH CO., LTD.

Agenda

P 4 ~ 9 Grow will be driven by LED Auto lighting rising penetration P1017 Our Asia factories to serve global clients P1822 Our Long-term Financial Goals and Vision P23~24 Robust Financial Performance

LASTER TECH CO., LTD.

LED Auto Lighting Supply Chain

Tier 2

Tier 1

LASTER TECH CO., LTD.

Financials- Sales revenue

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----- Start of picture text ----- Units ： Thousnd dollars: NTThe penetration rate of 4,4024,088LED automotive lightingcontinues to increase 3,5792,7401,9881,7334,2443,8601,215 3,3831,2082,5511,7681,1658225222011 2012 2013 2014 2015 2016 2017 2018LED Automotive Lighting LED General Lighting LED Chip ProductsLASTER TECH CO., LTD. 5----- End of picture text -----

LED Auto lighting Marketing Trend

LED car lights marketing penetration(2012-2020)

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----- Start of picture text ----- Finally,alltraditional carlights will bereplaced with LEDlighting.----- End of picture text -----

． Source ： SNE Research http://www.sneresearch.com/eng/service/report_show.php?mode=show&id=838

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Marketing Trend: Penetration

Halogen & HID

LED head & DRL

LED rear light

LED brake light

LASTER TECH CO., LTD.

Locations

Li San(Shanghai) International Trade Ltd. Laster Tech Shanghai Laster Tech Wuhan LasterTech Taiwan Headquarter Windlux International CO., LTD Laster Tech Dongguan Laster Tech Shenzhen Laster Tech Thailand

All Subsidiary are 100% owned by Lastertech

LASTER TECH CO., LTD.

Customers & Markets

Major customers

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----- Start of picture text ----- 132455. OLSA----- End of picture text -----

The largest automotive lights manufacturer in China.

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We Provide Parts to…

LASTER TECH CO., LTD.

Y2019 China Vehicle Sales Market

Uint﹕ten thousand

No.	Manufacturers	Y2018vehicle sales	Supply of lamp factory	LasterTech
1	SAIC VOLKSWAGEN	2,065	HASCO (Lastertech)、Xingyu、Valeo、Hella	Y
2	FAW-VOLKSWAGEN	2,037	HASCO (Lastertech)、Xingyu、Hella	Y
3	SAIC-GM	1,970	HASCO (Lastertech)、Hella、SL China	Y
4	Geely Automobile	1,501	SEEKIN (Lastertech)、XUNCHI VEHICLE(Lastertech)、Valeo	Y
5	SGMW	1,356	NANNING LIAOWANG (Lastertech)	Y
6	Dong feng NISSAN	1,169	HASCO (Lastertech)、K.Koito、Stanley	Y
7	Great Wall	915	Lastertech、Shanghai Sunlight	Y
8	Beijing Hyundai	790	SL China (Lastertech)Hyundai Mobis	Y
9	SAIC-ROEWE	729	HASCO (Lastertech)、XUNCHI VEHICLE (Lastertech)	Y
10	Dong feng HONDA	721	HASCO (Lastertech)、Varroc (Lastertech)	Y
Top 10 Total		13,253
Top 10 Market Share		59%

Headlamp module driven by LIN

JAGUAR-XF

High Beam

Low Beam HB/LB LDM

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----- Start of picture text ----- LASTER TECH CO., LTD.----- End of picture text -----

Export Project

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----- Start of picture text ----- ーPSA DS4FTSLVolkswagen-TERAMONTRCL----- End of picture text -----

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----- Start of picture text ----- ーPSA DS4FTSLVolkswagen-TERAMONTRCL----- End of picture text -----

LASTER TECH CO., LTD.

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----- Start of picture text ----- Product Developing Process----- End of picture text -----

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----- Start of picture text ----- ConceptualDesignOptical Design Electrical DesignThermal & Mechanical Design----- End of picture text -----

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----- Start of picture text ----- LASTER TECH CO., LTD.----- End of picture text -----

International Certificate

IATF 16949:2016

ISO14001:2004

ANSI/ESD 20.20:2014

OHSAS18001:2007 LASTER TECH CO., LTD.

LED Head Light

Advantage

• Energy &Power saving

• Long Life

• Brightness brighter

• Start reaction fast

• Smaller size with flexible design

• Color temperature close to sunlight

LASTER TECH CO., LTD.

Revenue trend for lightning parts

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----- Start of picture text ----- Units ： Thousnd dollars: RMB 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 7.4%6.4%2.7% 50,000 2.3%0.8% -2014 2015 2016 2017 2018RCL DRL Headlight OtherHeadlight grow rapidly in these five yearsLASTER TECH CO., LTD.----- End of picture text -----

Five- Year Income Statements

(NT$ thousand)	2013	2014	2015	2016	2017	2018
Gross Sales	1,733,730	1,987,643	2,740,041	3,585,383	4,088,040	4,404,913
Cost of Goods Sold	1,387,653	1,545,225	2,287,898	2,871,556	3,298,543	3,615,313
Gross Profit	346,077	442,418	452,143	713,827	789,497	789,600
Gross Margin(%)	20%	22.%	17%	20%	19%	18%
Operating Expense	274,722	319,714	362,596	441,342	488,921	554,849
Operating Profit	71,355	122,704	89,547	272,485	300,576	234,751
Operating Margin(%)	4%	6%	3%	7%	7%	6%
Non-OperatingIncome(Lose)	35,752	4,538	(5,025)	(24,203)	12,472	490
Income Tax	(33,728)	(48,358)	(14,180)	(39,125)	(52,875)	(29,300)
Net Income	73,379	78,884	70,342	209,157	260,173	205,941
EPS (NT$)	1.46	1.43	1.27	3.45	3.81	3.02

LASTER TECH CO., LTD.

Dividend Payout and Capex

(NT$ thousand)	2013	2014	2015	2016	2017	2018
Net profit	73,379	78,884	70,342	209,157	260,173	205,941
Cash divedend	0.3	0.3	0.5	3	2.5	1.66
EPS	1.46	1.43	1.27	3.45	3.81	3.02
Payout ratio	21%	21%	39%	87%	66%	55%
Dividend yield	0.90%	1.23%	2.06%	2.49%	3.50%	4.65%
Capex	35,551	22,502	37,697	71,654	86,273	77,344
ROE	12%	10%	8%	18%	19%	15%

Maintain a Minimum 50% Dividend Payout Ratio

LASTER TECH CO., LTD.

Disclaimer Statement

• The information contained in this document wasn’t verified by an independent third party. LASTER TECH CO., LTD. does not responsible for the accuracy, fairness, and completeness of any information contained in this document. You should not assume any information in this document to be accurate, fair, nor complete. The information or opinions contained in this document is provided on a specified date, which LASTER TECH CO., LTD. reserves all right to update.

• • LASTER TECH CO., LTD. has no obligation to notify you of any updates after a specific date or any development of information in the documents. LASTER TECH CO., LTD. will not accept any liability for any loss resulting from the use of this document or its contents or for other reasons related to this document. This document does not constitute an offer or solicitation of an offer of purchase or acquisition to sell or issue shares of LASTER TECH CO., LTD. or any of its subsidiaries or related parties in any jurisdictions, does not serve as a part an offer or incentive, nor should be interpreted as such. Any part thereof or distribute the facts does not constitute the basis of any contract or commitment, and should not be relied upon in respect of any contract or commitment.

LASTER TECH CO., LTD.

Thank you Q & A

www.lastertech.com

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----- Start of picture text ----- 哈弗 H6----- End of picture text -----

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----- Start of picture text ----- PassatLASTER TECH CO., LTD.----- End of picture text -----

Appendix - Intelligence light

Car lighting will transform to a communication device

By illuminating where necessary with the right amount of light

Project a crosswalk for pedestrian

LASTER TECH CO., LTD.

Vision - New Energy Vehicle(NEV)

Light Slim Compact Small

LASTER TECH CO., LTD.