香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全 部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ASMPT LIMITED （於開曼群島註冊成立之有限公司） （股份代號：0522） ASMPT Limited（「本公司」）謹此宣布，本公司董事會會議將於二零二五年十 月二十八日（星期二）舉行，藉以（其中包括）考慮及批准刊發本公司及其附 屬公司截至二零二五年九月三十日止九個月的未經審核綜合業績公告。上述公 告將於二零二五年十月二十八日收市後公布。 承董事會命 ASMPT Limited 公司秘書 江俊 香港，二零二五年十月十日 於本公告日期，本公司董事會成員包括獨立非執行董事：樂錦壯先生（主席）、 張仰學先生、蕭潔雲女士及許明明女士；非執行董事： Hichem M'Saad 博士及 Paulus Antonius Henricus Verhagen 先生；執行 董事： 黃梓 达先生及 Guenter Walter Lauber 先生。 （本公告之中英文版本如有任何歧義，概以英文版本為準。） 董事會召開 ...

Core Viewpoint - ASMPT's stock has risen over 5% following a report from Nomura, which highlights the company's potential to secure next-generation Chip on Wafer (oW) TCB orders, indicating a positive outlook for future orders and valuation [1] Group 1: Stock Performance - ASMPT's stock increased by 5.05%, reaching 94.75 HKD, with a trading volume of 95.6122 million HKD [1] Group 2: Analyst Insights - Nomura's report states that ASMPT has qualified as a potential second oW TCB supplier for a leading wafer manufacturer, alongside K&S [1] - The firm believes ASMPT has overcome previous obstacles and is likely to officially win next-generation oW TCB orders soon [1] - Nomura has raised ASMPT's target price from 90 HKD to 125 HKD, maintaining a "buy" rating based on the anticipated upward trend in orders [1] Group 3: Future Order Expectations - The report anticipates that ASMPT's order volume will improve further starting from Q4 this year, driven by ASE's expansion of its CoWoS production line and multiple oS TCB orders [1] - Additionally, an increase in traditional packaging orders from China is expected for ASMPT [1]

Summary of ASMPT (0522.HK) Conference Call Company Overview - **Company**: ASMPT (0522.HK) - **Industry**: Semiconductor Equipment Key Points and Arguments Growth Potential - ASMPT's growth potential in TCB (Thermal Compression Bonding) tools is optimistic, driven by increasing adoption in HBM (High Bandwidth Memory) and logic advanced packaging [1][2] - The transition from HBM3E to HBM4 is expected to enhance the application of ASMPT's TCB tools, necessitating higher pitch size and accuracy [1] Market Dynamics - The Book-to-Bill ratio for ASMPT's semiconductor segments remains below 1.0, indicating a cautious outlook [1][7] - Positive indicators include rising capital expenditures (capex) from Chinese OSAT (Outsourced Semiconductor Assembly and Test) customers, with notable increases of 41% YoY for JCET and 54% YoY for Tongfu in 1H25 [2] - Changchuan, a domestic backend equipment firm, reported a record net income of Rmb400m-450m for 3Q25, reflecting strong demand from semiconductor testers [2] Revenue Projections - ASMPT's semiconductor back-end tool revenues are projected to grow by 24% in 3Q25, 25% in 4Q25, and 26% for the full year of 2026, supported by advanced packaging tools and a recovering trend in semiconductor back-end tools [2] Financial Outlook - Earnings for ASMPT have been revised upwards by 1% for 2026 and 2027 due to a better outlook for traditional and advanced packaging tools [9] - Revenue estimates for 2026 and 2027 have been increased by 0.3% each, with operating margins slightly improved [9] Valuation and Price Target - The 12-month price target for ASMPT has been raised by 14.5% to HK$79.00, based on a higher target multiple and improved earnings outlook [12][19] - The target P/E multiple for 2026E has been adjusted to 19.5x, reflecting a re-rating of the semiconductor equipment supply chain [12] Risks - Key risks include the pace of customer adoption of advanced packaging tools, demand fluctuations from automotive customers, and variations in demand for traditional IC packaging and SMT equipment [20] Conclusion - ASMPT maintains a Neutral rating, with the current valuation reflecting near-term positives. A more positive outlook could emerge with stronger adoption of TCB/HB technology and clearer visibility on demand recovery for mainstream semiconductor tools [1][12]

Core Viewpoint - ASMPT's stock has risen over 5% following a report from Nomura, which highlights the company's potential to secure next-generation Chip on Wafer (oW) TCB orders, indicating a positive outlook for future orders and valuation [1] Group 1: Company Performance - ASMPT's stock price increased by 5.05%, reaching 94.75 HKD, with a trading volume of 95.6122 million HKD [1] - Nomura has raised ASMPT's target price from 90 HKD to 125 HKD, maintaining a "Buy" rating based on anticipated order trends [1] Group 2: Market Position and Opportunities - ASMPT has qualified to become a potential second supplier for oW TCB, alongside K&S, indicating a significant market opportunity [1] - The company is expected to see improved order volumes starting from Q4 of this year, driven by the expansion of CoWoS production lines and multiple oS TCB orders from its clients [1] - An increase in traditional packaging orders from China is also anticipated for ASMPT [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | ASMPT Limited | | | | | | 呈交日期: | 2025年10月2日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 00522 | 說明 | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 500,000,000 HKD | | 0.1 | HKD 50,000,000 | | 增加 / 減少 (-) | | | | | HKD | | 本月底結存 | | 500,000,000 H ...

Group 1 - JPMorgan Chase & Co. reduced its stake in ASMPT Ltd. by selling 360,358 shares at an average price of HKD 79.3395 per share, amounting to approximately HKD 28.59 million [1] - Following the sale, JPMorgan's total holdings in ASMPT decreased to 29,119,144 shares, representing a reduction in ownership from 7.07% to 6.99% of the total shares outstanding [1][2]

Core Viewpoint - The semiconductor sector in the Hong Kong stock market is experiencing significant gains, with notable increases in stock prices for several companies [1] Company Performance - ASMPT has seen its stock price rise by over 8% [1] - Brainhole Technology's stock has increased by more than 7% [1] - Huahong Semiconductor and SMIC have both risen by over 6% [1]

Group 1 - ASMPT's stock price increased over 8% in early trading, currently up 5.13% at 83.2 HKD with a trading volume of 164 million HKD [1] - China's self-developed EUV lithography machine utilizing laser-induced discharge plasma (LDP) technology is expected to enter trial production in Q3 2025 and achieve mass production in 2026 [1] - The new lithography machine "Xinkailai" has received orders exceeding 10 billion, with clients including SMIC, Hua Hong Group, and Yangtze Memory Technologies [1] Group 2 - ASMPT's mid-term performance shows strong growth in advanced packaging business driven by AI, with revenue contribution rising to approximately 39%, equivalent to 326 million USD [1] - The demand for TCB equipment continues to grow, with a 50% year-on-year increase in TCB equipment orders and over 500 units installed globally [1]

Group 1 - ASMPT's stock price increased by over 8% in early trading, currently up 5.13% at HKD 83.2, with a trading volume of HKD 164 million [1] - China's self-developed EUV lithography machine utilizing laser-induced discharge plasma (LDP) technology is expected to enter trial production in Q3 2025 and achieve mass production in 2026 [1] - The new lithography machine "Xinkailai" has received orders exceeding RMB 10 billion, with clients including SMIC, Hua Hong Group, and Yangtze Memory Technologies [1] Group 2 - ASMPT's mid-term performance shows strong growth in advanced packaging business driven by AI, with revenue contribution rising to approximately 39%, equivalent to USD 326 million [1] - The demand for TCB equipment continues to grow, with a 50% year-on-year increase in TCB equipment orders for H1 2025, and global TCB equipment installations surpassing 500 units [1]

Group 1 - The Hang Seng Index slightly declined by 0.18% while the Hang Seng Tech Index rose by 1.04% on September 18, with a half-day trading volume of HKD 204.71 billion [1] - The Hong Kong Stock Connect Tech ETF (159101) increased by 0.81%, with significant gains in constituent stocks such as ASMPT and Hua Hong Semiconductor, which surged by 10%, and Horizon Robotics-W and SMIC, which rose by 6.79% and 6.65% respectively [1] - The Federal Reserve's interest rate cut is expected to benefit the Hong Kong stock market significantly, as it alleviates global dollar liquidity pressure and lowers discount rates, thereby promoting valuation recovery in the tech sector [1] Group 2 - The trend of foreign capital returning to emerging markets is strengthening, with Hong Kong tech stocks being attractive as high-growth assets due to their low valuations and high elasticity [1] - The active participation of southbound funds creates a resonance effect between domestic and foreign capital [1] - The Hong Kong Stock Connect Tech ETF (159101) covers the entire technology industry chain, while the Hang Seng Internet ETF (513330) focuses on leading internet companies [2]