VISUAL PHOTONICS EPITAXY Business Summary

Visual Photonics Epitaxy Co., Ltd. (VPEC) operates as a leading pure-play compound semiconductor epitaxial wafer foundry, generating revenue through the high-volume manufacture and global distribution of III-V compound semiconductor wafers. The company utilizes Metal Organic Vapor Phase Epitaxy (MOCVD) technology to serve two primary business segments: Microelectronics, which produces Heterojunction Bipolar Transistor (HBT) and PHEMT wafers for 5G and WiFi wireless communications, and Optoelectronics, which provides PIN, APD, and VCSEL wafers for optical fiber networks and sensing applications. VPEC maintains a dominant market position as the world's second-largest pure-play GaAs epitaxial wafer provider, competing directly with IQE plc, LandMark Optoelectronics, WIN Semiconductors, and IntelliEPI in the specialized compound semiconductor supply chain. Founded in 1996 by a consortium of technical specialists in material science and optoelectronics, the company is currently led by Chairman Mao-Chang Chen and President/CEO Dr. Chao-Hsing Huang, a veteran in III-V semiconductor technology. The leadership team includes Senior Vice Presidents Chin-Lung Hsieh and Yu-Chung Chin, who oversee the firm's expansion into GaN-on-Si and advanced sensing technologies. VPEC is supported by a robust institutional investor base, including major holdings from Ruentex Investment Co., Ltd. and Ren Tai Investment Co., Ltd., alongside global asset managers such as The Vanguard Group and BlackRock, reflecting its critical role in the global telecommunications and photonics infrastructure.