德淵企業

Tex Year Products

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Tex Year Expands into AI and Optoelectronics Materials

2026.01.05

Tex Year Expands into AI and Optoelectronics Materials

Tex Year Industries Inc. is expanding into new applications in the AI and optoelectronics sectors, expecting specialty adhesives and materials for these fields to ramp up this year and drive revenue growth.​ Tex Year Industries Inc. recently noted at an investor conference that its deployment in high-end application areas is becoming increasingly complete, and it expects to begin gradually reaping the profits this year. For PCBA-specific curing conformal coatings used in AI servers, UPS uninterruptible power systems, and BBU backup battery modules, as well as PCBA-grade flame-retardant, halogen-free hot-melt adhesives, the Company is optimistic that its technology can ride the growth in AI server demand and continue expanding applications. Company Snapshot TableIn the EV (new energy vehicle) application segment, Tex Year’s products have obtained IATF 16949 certification and have already begun shipping. Shipments of other specialty chemicals—such as modified silane, specialty HEPA filter materials, and specialty hot-melt adhesives—are also continuing to increase. In the drone segment, the products are mainly used in lens modules and PCBA circuit boards, including multi-cure UV adhesives, PCBA-specific UV conformal coatings, PCBA-grade UV flame-retardant, halogen-free hot-melt adhesives. For smartphones, the Company has introduced a new UV temporary fixing dicing adhesive, primarily used for smartphone glass cutting. The Company also noted that its new products are further entering Mini LED display panel applications. It has launched a reworkable, UV-curable Mini LED encapsulant, which has been well received by manufacturers. The UV adhesives and specialty chemicals it has developed are already widely used in LCD display panels—from small panels to large-size panels and even automotive display panels—with a relatively high penetration rate. As the Company moves into Mini LED panels, it is highly optimistic about growth, expecting the market’s compound annual growth rate (CAGR) to exceed 36%. Looking ahead to 2026, Tex Year said it expects to return to a growth track this year. Hot-melt adhesives in Taiwan still have room for modest growth, and the Company is optimistic that its high-end application deployment will gradually gain momentum and contribute more meaningfully. In addition, demand in the ASEAN market remains strong, and the Company is planning to build a second plant in Vietnam. Meanwhile, its second plant in India has officially entered mass production; with India’s domestic demand rising rapidly, revenue growth is expected this year. In the first three quarters of 2025, Tex Year posted consolidated revenue of NT$2.656 billion, down 2% year-on-year; net profit after tax was NT$62.97 million, down 52% year-on-year, with EPS of NT$0.55. By product mix, hot-melt adhesives accounted for 74% of revenue, specialty chemicals 16% (up 1 percentage point year-on-year), and other products 10%. The Company said that hot-melt adhesive revenue declined slightly due to tariffs and competition from other products, while specialty chemicals increased against the trend, with growth reaching 28%.Economic Daily News, Reporter JEN, CHUN-HSIANG / Taipeihttps://money.udn.com/money/story/5710/9239441

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Tex Year Achieves ISO/IEC 27001:2022 Certification for Information Security Management Systems

2025.12.26

Tex Year Achieves ISO/IEC 27001:2022 Certification for Information Security Management Systems

Tex Year Achieves ISO/IEC 27001:2022 Certification for Information Security Management SystemsISO/IEC 27001 is a globally recognized standard for Information Security Management Systems (ISMS), jointly developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). This standard employs a rigorous risk assessment process to ensure the Confidentiality, Integrity, and Availability of an organization’s information assets across administrative, technical, and physical layers.In an era of escalating global digital threats, ISO 27001 serves as the most authoritative benchmark for enterprises to demonstrate their information governance capabilities and commitment to data security.The core value of Tex Year Group are eco-friendly, safe and innovative is always constant. To uphold our commitment to "Safety: Validated by International Certification" and to safeguard customer privacy and corporate reputation, we have actively invested resources to successfully achieve ISO 27001 certification.This achievement is not only a testament to Tex Year Group’s technical proficiency in information technology but also a concrete manifestation of our commitment to protecting the digital environment.We have integrated information security as a vital component of our Corporate Sustainable Development. Through a standardized defense framework, we ensure the stable operation of our services and data. In our pursuit of "Innovation," Tex Year Group will continue to build a robust security perimeter, creating a trustworthy digital ecosystem for our clients, employees, and partners, while realizing our vision of harmonious prosperity between business, the environment, and technology. 

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Taiwan’s First Listed Adhesive Manufacturer to Establish a Plant in India

2025.12.09

Taiwan’s First Listed Adhesive Manufacturer to Establish a Plant in India

Taiwan’s First Listed Adhesive Manufacturer to Establish a Plant in IndiaTex Year Group announced that its second plant in the Mahad Industrial Area of Maharashtra, India, Tex Year Technologies India Pvt. Ltd., has officially commenced mass production. In the first phase, the new plant is equipped with three main production lines, raising Tex Year India’s total annual capacity from 3,400 tons to 10,000 tons. This capacity expansion will enable the Company to more effectively meet the rapidly growing demand in India and neighboring markets, further strengthening Tex Year’s footprint in the South Asian hot melt adhesive markets. On December 8, Tex Year hosted an opening reception for the new India plant at Hyatt Place New Taipei City Xinzhuang. The event was graced by Former Vice President of the Republic of China Chen Chien-Jen and his wife, India-Taipei Association Deputy Director General Naman Kumar Singla, as well as distinguished guests from industry, government, and various trade associations, who all attended the ribbon-cutting ceremony. A live video link connected the venue to the new plant in India, allowing management teams from Tex Year’s global subsidiaries to participate online, symbolizing an important milestone in the Group’s global operations integration and New Southbound deployment.The ribbon-cutting ceremony was officiated by Former Vice President Chien-Jen Chen, Deputy Director-General of the India-Taipei Association Naman Kumar Singla, Tex Year Group Founder Chin-Tsung Hsiao, Chairman and Chief Executive Officer Donald Hsiao, together with distinguished guests from various sectors.Tex Year officially entered the Indian market in 2013 through the establishment of the joint venture Tex Year Industrial Adhesives Pvt. Ltd., becoming the first Taiwan-listed adhesive manufacturer to build a plant in India and has since been deeply cultivating local customers and channels. As a member of Tex Year Group, Tex Year India inherits Tex Year’s core technologies and brand DNA, producing a wide range of adhesive products locally to shorten lead times and enhance service flexibility. Tex Year India also possesses integrated supply chain capabilities spanning production, marketing, and procurement, enabling it to adjust product portfolios and application solutions in line with customer needs. In the period from January to October 2025, despite being constrained by insufficient production capacity, Tex Year India still delivered YoY revenue growth close to double digits. As the second plant gradually ramps up capacity and the customer portfolio continues to optimize, overall growth momentum is expected to further strengthen, with the results of years of strategic deployment now beginning to be reflected in operating performance.According to an international research institute (Note 1), the Indian hot melt adhesive market is estimated to reach a size of approximately USD 200–300 million in 2024 and is expected to grow at a compound annual growth rate (CAGR) of around 10% from 2024 to 2030. The key growth drivers include the booming development of packaging and e-commerce, expanding applications in white goods, the upgrading of automotive and construction manufacturing, foreign electronics manufacturers increasing investment in India, and increasing demand for low-VOC and green, environmentally friendly adhesives. These industry trends are highly aligned with Tex Year’s strategy in India to expand capacity and focus on green materials such as hot melt adhesives and water-based adhesives, which will support capacity utilization and revenue growth at the India second plant going forward.Amid global trends of carbon reduction and plastic reduction, hot melt adhesives are gaining importance across a wide array of applications due to their fast curing, solvent-free formulations, and contribution to lowering carbon emissions and pollution. In India, Tex Year adopts “Green Materials + Local Manufacturing + Global Technical Support” as its core strategy and leverages its GPS Green Platform Strategy® as the driving engine to expand the use of green materials into courier bags, paper labels, kraft paper tapes, bathroom products and mattresses, as well as other home and packaging applications. These efforts are further being extended into automotive interiors, component bonding and acoustic materials, batteries and electric vehicles, electronic assembly, and other high-end applications. From January through October 2025, sales of automotive batteries adhesives have already far exceeded the full-year level of 2024, highlighting the immense potential of high-performance adhesive solutions for the battery and electric vehicle industries. Adhesives for bathroom products and mattresses recorded approximately three-fold growth compared with the previous year, reflecting rising demand in the Indian home and bedding markets for high-quality, comfortable and safe materials.In water-based adhesives, Tex Year’s R&D Center has developed formulations that are competitive with leading mattress adhesive brands and successfully gained market entry, driving a significant increase in orders. For mattress applications, in addition to water-based adhesives, Tex Year also offers hot melt and PUR, enabling it to meet the diverse needs of the Indian mattress market. The Company will continue to expand its portfolio of environmentally friendly, low-odor water-based products to help customers upgrade toward a circular economy and plastic reduction, while also echoing the Indian government’s “Make in India” initiative and related investment incentive policies. With the smooth trial runs of hot melt and water-based adhesive products in the first phase of Tex Year India’s second plant, the Company will continue to optimize formulations and expand production lines in line with market demand, enhancing regional supply flexibility and strengthening local service capabilities.Looking ahead, Tex Year is optimistic about India’s long-term structural growth potential, driven by its young demographic profile, manufacturing upgrades and green transformation. The Company has launched its “Greater India Strategy,” centered on “Deployment × Expansion × Synergies,” positioning India as the core hub for South Asia and neighboring emerging markets. Tex Year will prioritize the build-out of production capacity and operating sites, further expanding into South Asia, the Middle East and other regions, thereby elevating India from a single market to a regional manufacturing and operational center. At the same time, Tex Year will leverage cross-regional synergies to continually deepen its service offerings and enhance product competitiveness in green materials, plastic reduction and sustainable solutions. Tex Year India will target double-digit revenue growth, while this new plant is expected to become a model facility in the industry for plastic reduction and sustainable materials, working hand in hand with customers in India and around the world to build a more competitive and sustainable value chain.Note 1: Source: Grand View Research, India Hot Melt Adhesives Market, 2024–2030For more information, please visit the official website and LinkedIn page of Tex Year:Website: https://www.texyear.com/green.php?act=productLinkedIn: https://www.linkedin.com/company/5802267/admin/For further inquiries, please contact:Spokesperson: Roger Kao, Chief Financial OfficerOr media contact: Linda Yao, Acting Spokesperson

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2025 Survey for Charity – TEX YEAR Thanks You for Walking with Us!

2025.11.26

2025 Survey for Charity – TEX YEAR Thanks You for Walking with Us!

“Fill Out a Survey, Support a Good Cause!” – Continuing Our Tradition of Giving for the Seventh Consecutive YearTEX YEAR has long been committed to sustainable development (ESG) and corporate social responsibility. Each year, we conduct a global customer satisfaction survey, inviting our partners worldwide to share their feedback and suggestions. Every response represents trust in TEX YEAR and encourages us to continuously enhance our service quality in global markets.Inspired by the belief in the power of positive cycles and aligned with ESG values, we transform customer participation into meaningful social impact. This year, TEX YEAR collected NTD 53,400 based on customer feedback. In November, the full amount was donated to World Vision’s Humanitarian Emergency Relief Program, supporting vulnerable children and families affected by earthquakes, natural disasters, and conflict-related crises. These funds help provide food distribution, cash assistance, nutrition support, and peace-building initiatives, enabling families to rebuild their lives. Thank You for Helping Us Spread Kindness Even FurtherTaiwan once received crucial support from the global community during difficult times. Today, TEX YEAR is honored to extend that same kindness to those in need around the world. We sincerely thank all domestic and international customers who participated in this year’s survey—your support makes this charitable effort possible and helps warmth travel farther.Moving forward, TEX YEAR will remain dedicated to innovation, sustainability, and public welfare, working together with the world toward a better future.

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Tex Year Launches Asia’s First “Compostable Hot Melt Adhesive Dedicated Production Line” , Establishing a Sustainable Materials Innovation Hub

2025.07.24

Tex Year Launches Asia’s First “Compostable Hot Melt Adhesive Dedicated Production Line” , Establishing a Sustainable Materials Innovation Hub

After five years of preparation, the grand opening and launch of Asia’s first biodegradable hot melt adhesive dedicated production line of Tex Year Group, along with the newly established Innovation Building, a dedicated R&D and production facility, took place today at the Tex Year Taoyuan factory. Over a hundred distinguished guests from industry, government, academia, and research gathered to celebrate and witness this significant milestone.In response to the pressing challenges of climate change, global warming, and environmental trends, Tex Year combine industry, government, academia, and research, focusing spans from sustainable bio-based materials to today’s most critical issue—net zero carbon emissions. Tex Year is committed to developing environmentally friendly, safe, and healthy materials and solutions.In 2021, Tex Year established GPS Green Platform Strategy® with upper/lower stream partners, forming strategic alliances and driving innovation through joint efforts. This platform actively promotes green industrial transformation, deepening sustainable development, and environmental innovation, steadily aligning with the United Nations Sustainable Development Goals (SDGs). Through concrete actions, Tex Year is fulfilling its corporate social responsibility and generating lasting positive impact.The officially opening of the Innovation Building and the biodegradable hot melt adhesive dedicated production line today marks a significant milestone to Tea Year in embedding sustainability at the core of corporate strategy and translating it into tangible actions. Looking ahead, Tex Year will continue to harness innovative technologies and collaborative spirit to shape a more resilient and greener industrial future together with our partners.In the first half of 2025, green materials accounted for 86% of Tex Year’s core adhesive product revenue, with innovative green materials contributing 24%. This achievement reflects the results of integrating global R&D and operational management resources through four main economic platforms, leading to the collaborative development of over a hundred green products and technologies in recent years. These related products and solutions have been applied across various industries, including the sustainable GPS Stretch-Film-Free Solution for plastic and carbon reduction, adhesives for automotive components in new energy vehicles, removable hot melt adhesives, bio-based adhesives, low-odor and low-consumption hot melt adhesives, and environmentally friendly halogen-free flame-retardant hot melt adhesives. These solutions not only help reduce environmental impact and social costs but also enhance economic benefits for enterprises—truly achieving a win-win-win for the environment, society, and the economy.The newly established "Innovation Building" not only introduces the latest international automated production lines but also features the specially designed "IEA Innovation Exhibition Area," a multifunctional space that integrates marketing promotion and educational training. Centered on an interactive, innovative, and knowledge-based design approach, it promotes the concept of sustainable product design and presents a series of products developed over the years under the four main GPS economic platforms: the "Green Economy Platform," the "Bio Economy Platform," the "Circular Economy Platform," and the "Low-Carbon Economy Platform." This Innovation Exhibition Area serves as a space for brainstorming with partners across industries to inspire and create demand for sustainable products.In the field of the "Bio Economy Platform," Tex Year has continuously advanced the research and innovation of biodegradable hot melt adhesive products. It has successfully become the first company in Taiwan—and even across Asia—to obtain the full series of certifications from the German Institute for Standardization (DIN – Deutsches Institut für Normung e.V.) as well as certification from the United States Department of Agriculture (USDA), as detailed below:Bio-based adhesive products are widely used in industries such as packaging, hygiene products, DIY, and label tapes. Tex Year’s BIO-01 series hot melt adhesives are industry-leading Bio-based Compostable products that have been validated by major international institutes. These adhesives can be decomposed by microorganisms into water and carbon dioxide, ultimately returning to nature. For more challenging substrates such as PC, ABS, PMMA, or metal materials like stainless steel (SUS 304), aluminum, and inorganic materials such as glass and ceramics, Tex Year has developed bio-based polyurethane reactive (PUR) hot melt adhesives with a bio-based content up to 40%. These structural adhesives are specially designed for electronics product assembly, offering excellent bonding strength while meeting customer demands for low-carbon and eco-friendly solutions. The newly completed as well as Asia's first bio-degradable hot melt adhesive dedicated production line operates in clean indoor environment with dedicated equipment to produce high-end bio-based hot melt adhesives. This provides the market with the cleanest and most advanced eco-friendly adhesive solutions. The investment demonstrates Tex Year's leading position in the field of sustainable adhesives, making it the most representative biodegradable adhesive manufacturer in Taiwan.The Association of Taiwan Bio-based and Sustainable Material Industry (TBSM), which is dedicated to advancing Taiwan’s bio-based and sustainable materials industry, also organized a delegation to engage in technical exchange and witness this significant milestone. Taiwan’s leading experts in bio-based materials technology—Dr. Tzong-Ming Lee, Executive Vice President and Dr. Jeffrey Kuo-Chan Chiou, General Director of Material and Chemical Research Laboratories of Industrial Technology Research Institute (ITRI)—jointly attended the event and offered their congratulations. Sincerely thanks to the government and ITRI for their ongoing guidance and support of the GPS platform over the years. This includes:•The Department of Industrial Technology, Ministry of Economic Affairs, which supported the collaboration between ITRI’s Materials and Chemical Engineering Research Laboratories and Tex Year through a technology project to develop Taiwan’s first bio-based compostable hot melt adhesive.•The Industrial Development Administration, Ministry of Economic Affairs, which promoted a Low‑Carbon Industrial Transformation Promotion Program, supporting the joint development of UV-curable pressure-sensitive adhesives to replace conventional tapes in the panel industry. •The collaboration on Tex Year’s “Debonding on Demand®” solution, which involved the co-development of reworkable and easily dismantled UV adhesives and OCA adhesives for the electronics industry.Tex Year’s many R&D achievements today are not only the result of close cooperation with upstream and downstream industry partners but also owe much to the valuable collaborative development with ITRI.In recent years, Tex Year has been actively committed to developing sustainable products under the GPS Green Platform Strategy®. This dedication has also been recognized by the capital markets, as the company was selected as a constituent stock of ESG low-carbon high-dividend ETF—a noteworthy achievement that not only affirms past efforts but also strengthens our sense of responsibility and drive moving forward.The official grand opening of the biodegradable hot melt adhesive dedicated production line and the Innovation Building today demonstrates Tex Year’s unwavering determination and technical strength in continuously innovating and transforming within the adhesive industry.Looking ahead, Tex Year will continue to lead in the advancement of green adhesive technologies, leveraging cross-disciplinary integration to develop more environmentally friendly, functional, and forward-looking sustainable innovations. Through these efforts, it aims to fulfill corporate social responsibility and support the industry's low-carbon economic transformation, working hand in hand with global partners to create a greener future.For more information, please visit the official website and LinkedIn page of Tex Year:Website: https://www.texyear.com/green.php?act=productLinkedIn: https://www.linkedin.com/company/5802267/admin/For further inquiries, please contact:Spokesperson: Roger Kao, Chief Financial OfficerOr media contact: Linda Yao, Acting Spokesperson 

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Tex Year Ranked Top 1% in NT$5B Governance Category Two Years in a Row

2025.06.16

Tex Year Ranked Top 1% in NT$5B Governance Category Two Years in a Row

on June 12, Tex Year participated in the 11th Corporate Governance Evaluation Awards Ceremony jointly organized by the Taiwan Stock Exchange and the Taipei Exchange. Among 1,749 listed companies evaluated, Tex Year ranked within the top 6%–20% overall and remained in the top 1% in the “market capitalization under NT$5 billion” category for the second consecutive year. This achievement highlights the Company’s long-standing efforts in corporate governance and sustainable development. Tex Year remains committed to enhancing governance quality and strengthening corporate resilience and competitiveness.Chairman Hsiu-Ming Lin of the Taiwan Stock Exchange (left) and Chairman & CEO Hsiang-Chih Hsiao of Tex Year Industries Inc. (right)In addition, Tex Year continues to demonstrate strong business performance and growth resilience. In the latest CommonWealth Magazine ranking of Taiwan’s Top 2,000 Enterprises based on 2024 revenue, the Company advanced to 692nd place among all manufacturing companies—its best ranking since 2015 and the first time entering the top 700. Performance indicators such as annual revenue growth, net income after tax, and profit margin all improved from 2023, with rankings rising to 472nd, 762nd, and 762nd respectively, underscoring Tex Year’s recognized management performance.For more information, please visit the official website and LinkedIn page of Tex Year:Website: https://www.texyear.com/green.php?act=productLinkedIn: https://www.linkedin.com/company/5802267/admin/For further inquiries, please contact:Spokesperson: Roger Kao, Chief Financial OfficerOr media contact: Linda Yao, Acting Spokesperson 

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Tex Year Powers Sustainable Bookbinding with MPO Hot Melt — Reducing Carbon, Enhancing Efficiency

2025.05.29

Tex Year Powers Sustainable Bookbinding with MPO Hot Melt — Reducing Carbon, Enhancing Efficiency

In May 2025, Tex Year Group announced a continued rise in sales of its metallocene polyolefin (MPO) hot melt adhesives for bookbinding, receiving high acclaim from the printing and binding industry. In response to growing global demand for sustainable and energy-efficient solutions, Tex Year remains committed to developing high-performance adhesives that align with green manufacturing goals—actively supporting the transformation of the bookbinding industry toward a low-carbon future.Founded in 1976, Tex Year is a leading hot melt adhesive manufacturer with over 40 years of expertise. Headquartered in Taiwan, the company has established production bases in China, Southeast Asia, and Europe. For the bookbinding market, Tex Year offers a wide range of environmentally friendly adhesives for spine and side gluing applications. A core product in this range is:🌿 Six Key Benefits of MPO Adhesive for a Greener Process1. Extremely Low VOC Emissions & Odor Compared to PUR and EVA, MPO emits significantly fewer volatile organic compounds (VOCs) during heating, creating a cleaner and safer working environment with no unpleasant odor.2. Superior Thermal Stability MPO resists yellowing and carbon buildup better than EVA, reducing the need for frequent maintenance and extending machine life.3. Lower Density = Lower Consumption Due to its lower specific gravity, MPO requires less adhesive per use—reducing adhesive consumption by approx. 8% compared to EVA, and 18% compared to PUR—contributing directly to energy savings and CO₂ reduction.4. No Stringing Effect MPO does not cause the common "stringing" issue seen in traditional adhesives, which means fewer defects, cleaner machines, and more efficient production.5. Compatible with Existing Equipment Unlike PUR systems, MPO adhesives can be used on standard EVA machinery, eliminating the need for specialized equipment and additional investment.6. Supports ESG & Corporate Sustainability Goals With its eco-friendly formulation and safe processing characteristics, MPO adhesives are a strategic fit for companies aiming to align with global ESG and green manufacturing standards.   With more than 30 years of experience in the Japanese market, Tex Year’s MPO adhesives have earned the trust of leading printing and binding companies, and continue to expand in adoption."We don’t just offer adhesives—we deliver smart, sustainable solutions that reduce carbon emissions while boosting production efficiency."Tex Year Group Operations Team —Tex Year will continue to champion its core values of environmental protection, safety, and high technology, working with industry partners to accelerate the shift toward green, sustainable bookbinding.📰【Media Coverage】We are pleased to share that Japan’s “Seihon Shiko Shimbun” published a special report about Tex Year’s PO bookbinding hot melt adhesive in its May 20, 2025 issue. The same feature will also appear in “Insatsu Shinpo” (Printing News) on May 29, issued by Insatsu Shuppan Kenkyusho Co., Ltd.For more information, please visit: http://print-info.co.jp/ 

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Tex Year Industries Inc. Response to Changes in U.S. Tariff Policy

2025.04.11

Tex Year Industries Inc. Response to Changes in U.S. Tariff Policy

The U.S. recently announced the implementation of reciprocal tariff measures on various countries, triggering volatility in global capital markets and drawing heightened attention from investors. Tex Year remains highly vigilant toward the potential implications of this policy shift and has initiated internal assessments and risk response mechanisms to prudently manage any possible impact.Tex Year’s green materials and specialty chemicals are sold in over 100 countries worldwide. In 2024, direct sales to U.S.-based customers account for less than 3% of total revenue. While the proportion is relatively low, the Company is currently evaluating the potential impact and has already engaged in active discussions with major U.S. clients to formulate appropriate response strategies.Tex Year has long cultivated its presence in regional markets such as Europe, Mainland China, Taiwan, ASEAN, and India. These markets are supported by strong domestic demand and serve as the Company’s main sources of revenue. However, certain customers in these regions that use Tex Year materials may export their final products to the U.S., leading to potential indirect impacts. The Company is actively reviewing the status of such clients and will continue to monitor and update relevant information accordingly.Based on preliminary assessments, Tex Year’s global production footprint—which includes subsidiaries and partner facilities in Taiwan, China, Vietnam, India, Europe, and the U.S.—provides the flexibility to adjust supply chain strategies. This comprehensive global layout is expected to mitigate at least part of the risk arising from the current tariff developments.For more information, please visit the official website and LinkedIn page of Tex Year:Website: https://www.texyear.com/green.php?act=productLinkedIn: https://www.linkedin.com/company/5802267/admin/ For further inquiries, please contact:Spokesperson: Roger Kao, Chief Financial OfficerOr media contact: Linda Yao, Acting Spokesperson

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