CHANNEL WELL TECHNOLOGIES (USA), INC

Preferred partner of global power supply applications

Channel Well Technology was founded by Mr. Chung-Wei Pan in 1993, with its headquarters established in Taiwan. The company's primary operations encompass the research, development, production, and sales of various types of power supply products. CWT has long focused on the development of customized power products and vertical integration of upstream components, employing an integrated resource management model to optimize efficiency. This strategic approach enhances product competitiveness, fostering stable revenue growth and profitability. The company's products find wide applications across industries including information technology, telecommunications, security surveillance, consumer electronics, LED lighting, cloud computing, medical, and electric vehicles.

In 2020, the CWT Group commenced production of power supply products at its factory in Bac Ninh, Vietnam. Subsequently, the group has been establishing in-house production lines for magnetic components, wiring, metal stamping, plastic injection, and other parts at the Bac Ninh and Hanoi factories in Vietnam. This initiative aims to create an optimized vertically integrated production platform and intends to extend the supply of in-house components to local enterprises with component demands, thereby enhancing operational efficiency for the group. In recent years, the group has also actively ventured into the development of wireless charging products and electric vehicle charging piles, seeking to capitalize on the global technological shift for sustained growth momentum. Future endeavors will continue to prioritize investments in human resources and funding for the research and development of more advanced products with high power density specifications, leveraging existing strengths for sustained growth and positioning CWT as the preferred partner for global customers with power supply needs.

Channel Well Technology remains committed to the continuous development of high-value-added products and the expansion of diversified product markets, enhancing its resilience against global economic fluctuations and improving profitability. In the face of the highly competitive and challenging global business environment, we deeply recognize that sustainable corporate governance cannot solely focus on profit generation. It necessitates a balanced consideration of the interests of all stakeholders, fostering robust corporate governance, preserving environmental sustainability, and engaging in social and humanitarian endeavors. The tangible implementation of Environmental (E), Social (S), and Governance (G) principles is paramount for sustainable corporate operations.

In an era marked by escalating global climate extremes, geopolitical risks, and rapidly changing market conditions, Channel Well Technology acknowledges there is much to learn in the pursuit of sustainable business practices. Looking ahead to the company's future development, we remain steadfast in strengthening customer partnerships, developing environmentally friendly and energy-efficient products, expanding into diverse product markets, and ensuring the company's competitive advantage. Additionally, we are committed to enhancing corporate governance to safeguard the rights and interests of shareholders and stakeholders. Sustainable development is a journey that requires continuous effort and improvement. We will deepen the culture of sustainable governance within the company, integrating it into our operational mission, listening to the voices and expectations of stakeholders through comprehensive communication, and continuously striving for progress with all colleagues to lay a solid foundation for sustainable corporate operations.