SIMPLO TECHNOLOGY Business Summary

Simplo Technology Co., Ltd. (6121.TWO) is a global leader in the design and manufacture of lithium-ion battery packs, operating primarily through a high-volume hardware sales model to original equipment manufacturers (OEMs). The company’s revenue is diversified across three core segments: IT products (laptops and tablets), where it maintains a dominant global market share of approximately 33%; non-IT applications, including Light Electric Vehicles (LEVs) like e-bikes and power tools; and high-growth industrial solutions such as Energy Storage Systems (ESS) and Battery Backup Units (BBUs) for AI data centers. Recently, Simplo has expanded its portfolio into mission-critical drone battery modules and AI-driven power systems to capture higher-margin industrial demand. Its primary direct competitors include Dynapack International Technology, Advanced Energy Solution (AES), and Celxpert Energy Corporation, with Simplo distinguishing itself as the world’s largest notebook battery pack supplier through superior vertical integration and automated manufacturing scale. The company is led by Chairman and General Manager Fu-Hsiang (Raymond) Sung, a pivotal figure who joined in 1999 and is credited with transforming Simplo from a struggling domestic firm into a global powerhouse. Sung brings a deep engineering pedigree from his previous leadership roles at AST Computer and Kingston Technology. Supporting the technical roadmap is Chief Technology Officer Chen Ming Da, appointed in August 2024, who previously served as Vice President and oversees the transition into high-power industrial applications. The executive team also includes Jeanie Wei (Wei Ching-Wen), who serves as the Chief Corporate Governance Officer and spokesperson. A notable strategic anchor for the company is Hon Hai Precision Industry (Foxconn), which remains a major shareholder with an approximate 9% stake, providing Simplo with significant supply chain leverage and access to the broader electric vehicle and consumer electronics ecosystem.