CCSC Technology International Holdings Limited Enters into Strategic Cooperation Framework Agreement with Innogetic International Limited
13 June 2024 - 10:30PM
CCSC Technology International Holdings Limited (the “Company” or
“CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in
the sale, design and manufacturing of interconnect products,
including connectors, cables and wire harnesses, today announced
that on May 22, 2024, the Company entered into a strategic
cooperation framework agreement (the “Agreement”) with Innogetic
International Limited (“Innogetic”), a Hong Kong based company that
engages in the following: industrial software development and
system integration, automated equipment and smart assemble line
development, and digital transformation services. This partnership
aims to explore and apply digital technology such as artificial
intelligence (“AI”) in the field of manufacturing by leveraging
each company’s strength in technology research and manufacturing
integrations.
Pursuant to the Agreement, CCSC and Innogetic
agree to establish a joint venture in Hong Kong to carry out the
cooperation. Both parties also agree to share information on AI
technology trends and the application of typical industries such as
manufacturing platforms and services.
Mr. Kung Lok Chiu, Chief Executive Officer and
Director of the Company, commented, “We are thrilled to cooperate
with Innogetic in the field of AI technology. This Agreement marks
a significant milestone for both CCSC and Innogetic, setting the
stage for groundbreaking advancements and growth in AI technology
and its applications in the manufacturing sector. By sharing our
resources and expertise, we aim to accelerate our transformation
towards industrial digital intelligence. Going forward, we plan to
continue driving innovation and efficiency, further enhancing our
position in the manufacturing industry.”
About CCSC Technology International
Holdings Limited
CCSC Technology International Holdings Limited,
is a Hong Kong-based company that engages in the sale, design and
manufacturing of interconnect products. The Company specializes in
customized interconnect products, including connectors, cables and
wire harnesses that are used for a range of applications in a
diversified set of industries, including industrial, automotive,
robotics, medical equipment, computer, network and
telecommunication, and consumer products. The Company produces both
OEM (“original equipment manufacturer”) and ODM (“original design
manufacture”) interconnect products for manufacturing companies
that produce end products, as well as electronic manufacturing
services (“EMS”) companies that procure and assemble products on
behalf of such manufacturing companies. The Company has a
diversified global customer base located in more than 25 countries
throughout Asia, Europe and the Americas. For more information,
please visit the Company’s
website: http://ir.ccsc-interconnect.com.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
find many (but not all) of these statements by the use of words
such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“propose,” “potential,” “continue”, or other similar expressions in
this press release. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the U.S. Securities
and Exchange Commission.
For more information, please contact:
CCSC Technology International Holdings
LimitedInvestor Relations
DepartmentEmail: ir@ccsc-interconnect.com
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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