Wiwynn Corporation 2024 Annual Shareholders’ Meeting

Taipei, May 24, 2024 – Wiwynn Corporation (hereinafter, “the Company”, TWSE Stock code: 6669) today held its 2024 Annual Shareholders’ Meeting at 9:00am at meeting rooms at second floor of Building C in Oriental Science Park (2F., No. 94, Sec. 1, Xintai 5th Rd., Xizhi Dist., New Taipei City, Taiwan, R.O.C.) The meeting is hosted by Emily Hong, the Chairwoman. In the meeting, 2023 Business Report and Financial Statements are acknowledged, and resolutions including fund raising, and cash dividends distribution of NT$42 per share are passed.

The Company deeply appreciates Dr. Chang’s contributions to Wiwynn from the beginning to the present. He will remain a member of the company’s BoD, following his transition to Technology Advisor, and he will continue to support the company's product and technology development, contributing to the company's forward-looking innovation in technology.

Mr. Lin, newly appointed President of Wiwynn, previously served as the Group President of the Enterprise and Networking Business Group at Wistron Corporation. He holds an MBA degree from Wright State University in Ohio, USA, and has over 30 years of experience in the IT industry. Prior to joining Wiwynn, he held various management positions at Wistron, successfully led multinational and multidisciplinary teams. Mr. Lin possesses rich experience in server and AI-related industries, as well as cross-domain expertise in product development, sales, supply chain management, and customer services. With his solid industry expertise and outstanding strategic vision, he will lead Wiwynn to continue thriving in the cloud server industry and embrace innovation amidst the wave of artificial intelligence.

Shareholders’ Meeting Summary:

• In the fiscal year of 2023, consolidated revenue was NT$241.9 billion. The net profit after tax was NT$12.044 billion. The basic earnings per share (EPS) was NT$68.88.
• Passed a resolution on the distribution of profit in the fiscal year of 2023. Cash dividends distribute to common shareholders is NT$7,343,313,222, as NT$42 per share.
• Passed a resolution to approve the Company within the limit of 17 million common shares, depending on the market conditions and the Company’s needs, to choose one or a combination of methods to issue new common shares to sponsor issuance of GDR and/or issue new common shares in public offering and/or issue new common shares in private placement and/or issue of new common shares to sponsor issuance of GDR in private placement.

Business Focus:

• Customer and Product Portfolio: We have enhanced customer portfolio with an additional customer who contributed more than 10% annual revenue in 2023. Also, the proportion of AI product revenue surpassed 20% in the fourth quarter.
• Global Capacity Plan: Considering risk diversification and provide service to customer in better locations, the Company is continuously implementing the global in-house capacity plan. The second factory in Malaysia, and the second factory in Tainan are on schedule, and the third factory in Mexico has entered mass production stage.
• orporate Sustainability Development: Compared to 2022, total carbon emission has decreased by more than 60% in 2023, global renewable energy percentage increased to nearly 60%. Female board members increased to three members. The Company achieved top 10% score and selected as Industry Mover in S&P Global, The Sustainability Yearbook 2024.
• Technology and Product Development: The Company is optimistic about the long-term demand growth in the cloud industry and AI servers and working with customers and technology partners to develop CPU, GPU, ASIC computing platforms, and liquid cooling technology including direct liquid cooling and immersion cooling, to fulfil customers diversified workload optimizations on the cloud and AI.

Outlook and Prospect:
The new president, William Lin, will officially starts his new position from June 1st. He will lead Wiwynn to continue thriving in the cloud server industry and embrace innovation amidst the wave of artificial intelligence. Also committed to continuous investments to deepen data center technologies and product development. The Company will exhibit rack-level AI server solutions and advanced liquid cooling technology in Computex 2024 starting from June 4th.