ASIA VITAL COMPONENTS Business Summary

Asia Vital Components Ltd (AVC) operates a high-volume manufacturing and design business model, generating revenue through the sale of thermal management solutions under both Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) frameworks. The company’s primary business segments include Cooling Products—encompassing DC/EC fans, heat sinks, heat pipes, vapor chambers, and advanced liquid cooling systems—as well as Chassis and Cabinets, and System Assembly for peripherals like hinges and camera modules. AVC holds a dominant market position as the world’s largest supplier of desktop CPU coolers with approximately 35% market share and is a critical provider for the AI server and notebook sectors. It competes directly with major industry players such as Delta Electronics, Auras Technology, Foxconn Technology, and Chaun-Choung Technology (CCI), distinguishing itself through vertically integrated in-house manufacturing and a robust portfolio of over 1,700 technical patents. Founded in 1991, AVC is currently led by Chairman, President, and CEO Ching-Hang (Spencer) Shen, who has steered the company’s strategic direction since 1999 and is credited with its expansion into the global AI infrastructure supply chain. The executive leadership team includes Vice President and CFO Yi-Cheng Chen, who oversees global financial operations, and Vice Presidents Chiu-Mao Huang and Yang-Chieh Chen, who manage key strategic business units and R&D initiatives. The company maintains a strong institutional backing, with Furukawa Electric Co., Ltd. serving as a notable strategic investor and long-term partner. Other significant shareholders include Uni-President Asset Management and Fuh Hwa Securities Investment Trust, reflecting AVC's established status as a cornerstone of the Taiwan Stock Exchange's technology hardware sector.