USI Expands Manufacturing Capabilities with Groundbreaking Ceremony for the Second Factory in Poland

SHANGHAI,June 21,2023 -- On 20th June,USI (SSE 601231),a leading electronic and SiP manufacturing company,marked a significant milestone with the groundbreaking ceremony for its second factory in Poland. The ceremony,attended byAgencja Rozwoju Przemysłu,Kobierzyce Mayor Office,Polish Investment and Trade Agency (PAIH),BOSCH,Demant,DIEHL Metering,Honeywell,LSEV Poland,ERBUD,JP Weber,2MPM and Industrias Alegre Poland,took place in Kobierzyce and symbolizes the increasing demand of the European market for the company.

Groundbreaking Ceremony (Left to Right): Mr. Marcin Fabianowicz,Mr. Brain Shih,Mr. Felix Timmermann,Mr. Ryszard Pacholik,Mr. Shupin Wu

"I would like to congratulate you for picking this place for the second factory," stated the Mayor of Kobierzyce,Mr. Ryszard Pacholik. "It is one of the best choices for you and investors. I can guarantee that the infrastructure here will be even more developed in the future because of you and future investors."

Joining in the celebration,the Managing Director responsible for Direct Investments in PAIH,Mr. Marcin Fabianowicz,expressed his enthusiasm,saying,"We hope that the presence of such an important investor for the industry as USI,and its direct association with the Taiwanese holding company ASE Technology,will attract further investments to Poland and contribute to the development of the electronics and semiconductor industries,the key sectors for the Polish,European,and global economies."

During the ceremony,the symbolic turning of the soil was performed by notable guests,including the Mayor of Kobierzyce,and the Managing Director responsible for Direct Investments,along with key representatives from USI,the Chairman of USI Poland and SVP of USI Inc.,Mr. Brian Shih,shared his excitement,stating,"I am proud to be part of this groundbreaking ceremony,which signifies our dedication to providing high-quality products and services to our customers. The new factory will strengthen our manufacturing capabilities and enable us to meet the increasing demand for EV and green energy solutions in the European market."

Echoing these sentiments,Executive Director of USI Poland and EVP of Asteelflash,added,"Today,we are proud to be creating a milestone for USI's / AFG's customer service,showing our commitment to providing even better support in Poland and Europe. We strengthen our readiness to support our customer's manufacturing and reshoring efforts and ensure we put our best foot forward for our customers. We are confident that this new business will unlock our potential here and will be the start of something great."

The new factory is expected to create up to 1,000 job opportunities for the local community,contributing to the economic development of Kobierzyce. Equipped with advanced technology and machinery,the factory will bolster USI's manufacturing capabilities and enable the company to deliver high-quality products and services.

USI anticipates that the new factory will be fully operational by the first quarter of 2024. This expansion will significantly increase USI's production capacity in Poland,allowing the company to better serve its customers and meet the growing demand in the market.

As USI embarks on this exciting journey,the company expresses its heartfelt gratitude to all those who have supported them thus far,including dedicated employees,valued customers,stakeholders,and the local community. USI remains steadfast in its position as a leader in the electronic manufacturing industry and eagerly anticipates the positive impact this new factory will have on the company and the community at large.

About USI (SSE: 601231)

USI,Universal Scientific Industrial (Shanghai) Co.,Ltd.,is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D(MS)2 product services: Design,Manufacturing,Miniaturization,Industrial software and hardware Solutions,and material procurement,logistics and maintenance Services. With Asteelflash,USI has 28 sales,production and service locations across four continents of Asia,Europe,Americas and Africa,and offers customer diversified products in the sectors of wireless communication,computer and storage,consumer,industrial,medical and automotive electronics worldwide. USI is a subsidiary of ASE Technology Holding Co.,Ltd. (TWSE: 3711,NYSE: ASX). To learn more,please visit www.usiglobal.com and engage with us on LinkedInand YouTube.