TEST RESEARCH Business Summary

Test Research Inc. (TRI) is a premier provider of automated inspection and testing solutions for the electronics manufacturing industry, generating revenue through the design, manufacture, and global sale of high-precision hardware and integrated yield management software. The company’s primary business segments include Circuit Board Testing Equipment, which encompasses 3D Solder Paste Inspection (SPI), Automated Optical Inspection (AOI), and Automated X-ray Inspection (AXI); Semiconductor Testing Equipment, focusing on wafer metrology and advanced packaging; and professional labor services for equipment maintenance and smart factory integration. TRI maintains a competitive edge by offering AI-powered "One Stop Solutions" that support Industry 4.0 standards and high-throughput production environments. In the global market, TRI competes directly with firms such as Coretronic, Ta Liang Technology, and All Ring Tech, positioning itself as a cost-effective, high-performance alternative to premium international brands while leading the transition toward "lights-out" manufacturing in the SMT and semiconductor backend sectors. Founded in 1989 by Jason Chen (Chieh-Yuan Chen), who continues to lead the organization as Chairman and CEO, TRI was established to localize high-end inspection technology in Taiwan. The current executive leadership team includes Chief Technology Officer Chien-Hsing Chou, who directs the company’s R&D efforts in AI-driven inspection and 3D imaging, and Chief Financial Officer Kuan-Yuan Chen. Vice President Jim Lin serves as a key figure in global sales and international expansion, recently overseeing the doubling of production capacity at the Linkou manufacturing center and the establishment of new service hubs in Mexico. TRI is publicly listed on the Taiwan Stock Exchange (3030.TW) and is governed by a nine-member board of directors. The company’s institutional shareholder base features notable investors such as Taiwan Cooperative Securities Investment Trust, State Street Global Advisors, and Value Partners Hong Kong, reflecting its stable financial standing and strategic importance in the global electronics supply chain.