Business

ASE Technology Holding Co., Ltd. Publishes 2023 Annual Report

TAIPEI, April 8, 2024 /PRNewswire/ -- In a significant disclosure to the business community and its shareholders, ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711), herein referred to as "ASEH" or the Company, proudly announced that its comprehensive annual report for the fiscal year concluding on December 31, 2023, has been formally submitted to the U.S. Securities and Exchange Commission. With this submission, ASEH continues to demonstrate transparency and adherence to international financial reporting standards - a vital aspect of corporate governance critical to investor confidence.

The annual report, filed on a Form 20-F, illustrates ASEH's financial health and strategic direction, allowing stakeholders to make well-informed decisions. This document is now readily accessible through the Company's own web portal at www.aseglobal.com and can also be found on the official website of the U.S. Securities and Exchange Commission at www.sec.gov. These digitized records offer a level of convenience and immediacy for anyone seeking insights into ASEH's fiscal performance and operational strategies.

Recognizing the diverse preferences of shareholders, ASEH further offers hard copies of the audited financial statements included in the Form 20-F. These are made available upon request at no additional cost to the shareholders. To obtain one of these printed documents, shareholders are encouraged to reach out to Citibank Shareholder Services at their dedicated service line: 1-877-CITI-ADR (248-4237).

Forward-Looking Statements and Shareholder Caution

This latest press release includes what may be classified as "forward-looking statements," as stipulated under Section 27A of the United States Securities Act of 1933, as amended, as well as Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements provide predictions about ASEH's future operations, financial condition and potential business engagements which, while based upon information currently available to the Company and believed to be reliable, should not be overvalued by investors.

Traditionally, terms such as "anticipate," "believe," "estimate," "expect," "intend," "plan," and other similar expressions are employed by the Company to signify forward-looking statements within the contents of a press release. These forward-looking statements embody the estimations and judicious opinions of ASEH's senior management team. Nevertheless, the rapidly evolving nature of the semiconductor or electronic industry and the global economic climate means that actual results could materially differ from the projections set forth in these statements.

Industry and Market Influences

Factors such as the cyclical tendencies and market flux in the semiconductor or electronic industry, regulatory changes with environmental implications, and changing demand for semiconductor packaging, testing, and electronic manufacturing services can influence ASEH's business trajectory significantly. Moreover, the intense competition within the semiconductor and manufacturing industry necessitates continuous innovation, compelling ASEH to invest in and develop new technologies to maintain its competitive edge.

International business practices, corporate strategy, expansion blueprints, and future capital investment plans also contribute to the dynamic environment that ASEH must navigate. Outside of the Company’s control, political tensions, particularly those between the Republic of China and the People's Republic of China, as well as shifts in United States trade policies, may affect operations and market positions.

Economic, Political, and Environmental Risks

ASEH acknowledges the potential for commercial activity disruptions due to both natural and human-induced challenges, volatility in foreign currency exchange rates, and other economic and political conditions. These acknowledgments reiterate the Company's commitment to keeping investors informed and prepared for any changes that might impact their investments.

Investors and stakeholders are invited to review these risks and other pertinent considerations through ASEH's periodic filings with the Securities and Exchange Commission. The most recent Annual Report on Form 20-F, filed on April 3, 2024, presents a detailed account of these factors and is available as a resource for current and potential shareholders to deepen their understanding of ASEH's risk profile and strategic responses.

Support and Engagement for Investors

To support an ongoing dialogue with stakeholders and attend to investor inquiries, ASEH maintains a dedicated Investor Relations team. The team is reachable via email at [email protected], providing a direct line of communication for financial matters or queries related to shareholder interests. Furthermore, for comprehensive information about ASEH, including its service offerings, corporate philosophy, and investor relations, the Company's website provides a wealth of resources at https://www.aseglobal.com.

ASEH’s focus on transparency and shareholder engagement is a cornerstone of its corporate ethos, affirming its role as a socially responsible and investor-centric organization. These services exemplify ASEH's commitment to maintaining an open, consistent, and respectful flow of information with its investors.

Conclusion and Ongoing Commitment to Excellence

ASE Technology Holding Co., Ltd. remains steadfast in its commitment to serving its shareholders with integrity and accountability. The Company strives to provide comprehensive and easily accessible financial information, ensuring that investors can make well-informed decisions based on the most current and accurate data available.

ASEH has established itself as an industry leader through continuous innovation, strategic planning, and by fostering a culture of transparency. The Company’s robust communication infrastructure, including the availability of hard copies of its audited financial statements and the proactive dissemination of forward-looking statements, reaffirms its devotion to corporate excellence and stakeholder assurance.

As the semiconductor and electronics industries progress to new heights, ASEH aims to navigate this evolving landscape successfully, leveraging the insights gained from these detailed annual reports. The challenges and uncertainties faced by the Company are managed proactively, with an unwavering focus on resilience, sustainability, and value creation for all shareholders.

ASE Technology Holding Co., Ltd. concludes its announcement by extending gratitude to its valued shareholders and reaffirming its pledge to upholding the principles of financial transparency and strategic communication. With each year's report, ASEH renews its promise to ensure shareholder prosperity, industry leadership, and a steadfast adherence to the highest standards of corporate governance.

The Company’s newswire release ensures that participants in the financial markets and the Company's followers are kept well-informed about its financial matters. This approach is critical in sustaining investor confidence and ensuring that ASEH is viewed not just as a company, but as a reliable and responsible partner in an investor's portfolio.

As the contemporary marketplace grows ever more complex and interconnected, the role of comprehensive reporting such as ASEH's annual Form 20-F becomes an integral tool for understanding corporate performance. Through its forward-looking statements, ASEH imparts its strategic vision, providing market analysts, shareholders, and prospective investors with a lens through which to forecast the Company's potential and make informed judgments.

It is with this ethos of reliability and clarity that ASE Technology Holding Co., Ltd. will continue to contribute to the global semiconductor and electronics sectors. The pursuit of progress, the mitigation of risk, and the transparency in corporate undertakings are not only reflections of ASEH's business acumen but are emblematic of its foundational values. With a proven track record of success and a clear vision for the future, ASEH is poised to remain at the forefront of innovation and industry leadership.

The release of its annual report on Form 20-F is a declaration of ASEH's ongoing dedication to excellence. The progress of the Company, mirrored in the comprehensive details within the report, sets a benchmark for industry peers and further solidifies ASEH's position as a bellwether in technology advancement and financial transparency.

In conclusion, ASE Technology Holding Co., Ltd.'s 2023 annual report stands as a testament to the Company’s robust financial standing, strategic direction, and operational resilience. Shareholders and market enthusiasts may utilize the published report as a vital resource for gaining insights into ASEH's year-over-year growth and its anticipations for the future. Through diligent efforts and an unwavering commitment to excellence, ASEH expects to forge ahead, competently facing the challenges and harnessing the opportunities that lie ahead.

The Contact for Investor Relations, again, can be reached via email at [email protected] and by phone at +886.2.6636.5678. These channels reiterate the Company's commitment to maintain a high standard of service and communication with its shareholders and the broader investment community.

For further information, ASE Technology Holding Co., Ltd. encourages visiting its website: https://www.aseglobal.com.

As ASEH looks forward, it extends an open invitation to its shareholders and the investing public to continue their journey together towards shared success and groundbreaking advancements in the realm of semiconductors and electronics.

SOURCE: ASE Technology Holding Co., Ltd.