Company Overview - Techcon, part of OK International and Dover, is a leader in precision fluid dispensing technologies, recently launching a new line of Side-by-Side (SBS) Dispensing Cartridges for various industries including electronics, industrial, medical device, and automotive [1][5] - OK International, a global manufacturer of bench tools and equipment, focuses on operational excellence and innovation, with core brands including Metcal and Techcon [6] - Dover Corporation is a diversified global manufacturer with annual revenue exceeding $7 billion, operating across five segments and employing approximately 24,000 people [7] Product Launch - Techcon's SBS Cartridge is designed for precise metering and dispensing of 2-component (2K) adhesives and sealants, available in sizes of 50 ml and 200 ml, with mixing ratios of 1:1, 2:1, and 10:1 [2][3] - The SBS Cartridges are made of polypropylene, ensuring compatibility with a wide range of chemicals, and are designed to work with standard cartridge guns [3] Market Application - The new SBS line is aimed at industries that regularly utilize dual cartridge dispensing for two-part materials, enhancing the ability to package, mix, and dispense 2K materials efficiently [3]

Core Insights - Amphenol (APH) and Bel Fuse (BELFB) are prominent manufacturers of electrical and electronic products, with Amphenol focusing on connectors, interconnect systems, antennas, and cables, while Bel Fuse offers products that power, protect, and connect electronic circuits [1][2] Market Overview - The global electronic components market was valued at $393.63 billion in 2024 and is projected to grow to $847.88 billion by 2032, with a CAGR of 10.3% from 2025 to 2032, presenting significant growth opportunities for both companies [3] Amphenol (APH) Analysis - Amphenol's diversified business model reduces volatility across end markets and geographies, with strong demand in commercial aerospace and defense driving growth [4] - The company anticipates high-single-digit sequential sales growth in Q2 2025, supported by demand for jetliners and next-gen aircraft [4] - The increasing use of AI and machine learning is expected to enhance APH's long-term prospects in the IT datacom market [5] - Acquisitions have bolstered APH's product offerings, contributing 8% to 2024 revenues, with notable acquisitions including CIT and Lutze [6][7] - APH's acquisition of CommScope's Andrew business is projected to add approximately $0.09 to earnings in 2025, while the LifeSync acquisition enhances its medical interconnect product range [7] Bel Fuse (BELFB) Analysis - Bel Fuse also benefits from a diversified business model, with a backlog of orders reaching $395.7 million, up 4% sequentially, driven by strength in aerospace, defense, space, and AI [8] - However, Bel Fuse faces challenges from lower sales in the consumer market and elevated costs associated with the Enercon acquisition, impacting revenues [9][10] - The company is implementing cost-saving initiatives expected to materialize over the next 12 to 18 months [11] Stock Performance and Valuation - Year-to-date, APH shares have increased by 37.9%, outperforming BELFB's 12.1% rise [12] - Valuation metrics indicate APH shares are overvalued with a Value Score of D, while BELFB shares are considered cheap with a Value Score of B [15] - APH's forward 12-month Price/Sales ratio stands at 5.58X, significantly higher than BELFB's 1.82X [18] Earnings Estimates - The Zacks Consensus Estimate for APH's 2025 earnings is $2.68 per share, reflecting a 41.8% year-over-year increase [19] - For Bel Fuse, the consensus estimate for 2025 earnings is $6.05 per share, indicating an 84.45% year-over-year increase [20] Investment Outlook - Amphenol is viewed as a stronger investment option compared to Bel Fuse, benefiting from acquisitions and solid cash flow, while Bel Fuse is facing tariff-related challenges [21] - Amphenol holds a Zacks Rank 2 (Buy), while Bel Fuse has a Zacks Rank 3 (Hold) [22]

Core Viewpoint - The company, Fujian Torch Electronic Technology Co., Ltd., has provided guarantees for its subsidiaries, Shenzhen Leidu Electronics Co., Ltd. and Guangzhou Tianji Electronics Technology Co., Ltd., to support their operational financing needs [1][2]. Summary by Sections Guarantee Overview - The company has provided a maximum guarantee amount of RMB 50 million for Shenzhen Leidu and RMB 60 million for Tianji Technology, with actual guarantees of RMB 30 million and RMB 195 million respectively [1]. - Fujian Liyaxin Material Co., Ltd. has provided a guarantee of RMB 100 million for the company, with an actual guarantee balance of RMB 360 million [1][2]. - There are no overdue guarantees [1]. Internal Decision-Making Process - The company held board meetings on March 20, 2025, and April 11, 2025, to approve the guarantee proposals, allowing for a total guarantee limit of RMB 2.251 billion for subsidiaries [2]. Basic Information of Guaranteed Parties - Shenzhen Leidu Electronics Co., Ltd. specializes in the research and sales of electronic components and supply chain information platform technology [3]. - Guangzhou Tianji Electronics Technology Co., Ltd. is involved in integrated circuit design, manufacturing, and sales [3]. Financial Data of Guaranteed Parties - Shenzhen Leidu's total assets are RMB 355.83 million, with total liabilities of RMB 235.63 million and net assets of RMB 120.20 million [5]. - Tianji Technology has total assets of RMB 457.72 million, total liabilities of RMB 126.45 million, and net assets of RMB 331.26 million [6]. Guarantee Agreement Details - The company provides a joint liability guarantee for Shenzhen Leidu and Tianji Technology, covering principal, interest, penalties, and related costs [7][8]. - The guarantee period lasts for three years from the debt performance deadline [8][9]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the subsidiaries' operational needs and align with the company's strategic interests, ensuring no adverse impact on the company's operations [9]. - Tianji Technology is a controlled subsidiary with good credit status, making the guarantee risk manageable [9]. Cumulative External Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 1.602 billion, representing 29.21% of the company's audited net assets as of December 31, 2024 [10].

Core Viewpoint - Vishay Intertechnology, Inc. has expanded its CHA series of AEC-Q200 qualified thin film chip resistors, introducing new devices in the 0402 case size, which deliver stable high frequency performance up to 50 GHz under harsh environmental conditions [1][2]. Product Features - The CHA0402 resistors are available with resistance values ranging from 10 Ω to 500 Ω and maintain high frequency stability even after rigorous AEC-Q200 tests, validated by their ΔR and Z/R measurements [1][2]. - These resistors exhibit very low internal reactance and a nearly flat Z/R curve up to 50 GHz, making them suitable for a wide range of applications [2]. Applications - The CHA series is ideal for various applications including automotive ADAS, LIDAR, connectivity, 4D radar systems, LEO satellites, space communication systems, medical imaging machines, and 5G/6G telecommunications equipment [3]. Technical Specifications - CHA0402 resistors have a limiting voltage of 37 V, rated power of 300 mW at +70 °C, and a temperature coefficient of ± 100 ppm/°C, with an option for ± 50 ppm/°C available upon request [3]. Development Support - To facilitate development, S-parameter data for electronic simulation and 3D models for Ansys® HFSS™ and Modelithics Microwave Global Models™ are provided, along with design kits [4]. Compliance and Availability - The resistors are RoHS-compliant, halogen-free, and Vishay Green, available in waffle pack and tape and reel packaging, with samples and production quantities currently available and lead times of 20 weeks [4]. Company Overview - Vishay Intertechnology, Inc. is a leading manufacturer of discrete semiconductors and passive electronic components, serving various markets including automotive, industrial, telecommunications, and medical [5].

2 INVESTOR PRESENTATION | JUNE 2025 1 3 6 NN Markets(b) Sales by Geography(b) 5 7 8 9 10 (a) | Moody's | Baa2 | | --- | --- | | S&P | BBB | | Fitch | BBB | 12 Defense Electronics Surveillance Systems Unmanned Air and Land Vehicles Commercial Aircraft Avionics Bio-MEMS Endoscopy Sensors Ophthalmology Radiotherapy X-Ray Detection Space-based Imaging Radiation-hardened Electronics Satellite Communication Subsystems Semiconductor Development Environmental Testing Network Analyzers Laboratory Instruments Offshor ...

Company Overview - Littelfuse is a diversified, industrial technology company with $2.4 billion in revenue for FY 2023[7] - The company has demonstrated a 15-year double-digit compound annual growth rate (CAGR) in sales of 10% and earnings per share (EPS) of 18%[8] - Littelfuse sells over 17 billion components annually to over 100,000 customers[28] Financial Performance & Strategy - The company targets double-digit revenue CAGR through a combination of 5-7% organic growth and 5-7% growth from acquisitions[13,32] - Littelfuse achieved a free cash flow conversion of net income of 143% in FY 2023[42] - The company's adjusted EBITDA margin was 22.3% in FY 2023[40] Segment Performance (FY 2023) - The Electronics segment generated $1.35 billion in revenue with an adjusted EBITDA margin of 28.1%[43] - The Transportation segment generated $678 million in revenue with an adjusted EBITDA margin of 11.2%[46] - The Industrial segment generated $334 million in revenue with an adjusted EBITDA margin of 21.1%[49] Capital Allocation - The company plans to return 40% of free cash flow to shareholders and allocate the remainder to acquisitions[13] - Littelfuse deployed over $1.2 billion in capital on strategic acquisitions[30]

Company Overview - CTS is a designer and manufacturer of sensors, actuators, and electronic components with 15 manufacturing locations globally and approximately 3,200 employees[4] - In 2018, CTS achieved sales of $470 million[4] - The company's vision is to be a leading provider of sensing and motion devices, as well as connectivity components[12] Sales Breakdown (2018) - By Market: Transportation accounted for 64%, Industrial 18%, Medical 9%, Aero & Defense 5%, and Telecom & IT 4% of sales[5] - By Region: Americas contributed 54%, Asia 31%, and Europe 15% of sales[7] Financial Performance - The company's booked business was $1,866 million in Dec 2017 and is expected to ship $1,737 million in 2019[40] - Sales increased from $423 million in 2017 to $470 million in 2018[53] - Adjusted Earnings Per Share (EPS) increased from $123 in 2017 to $153 in 2018[53] - The company targets 10% annual growth through organic growth and acquisitions[47, 61] Capital Structure - The company's capital structure is composed of 88% equity and 12% debt[58] - The company targets operating cash flow of 12-15% of sales[60] - The company is targeting leverage between 10x and 25x EBITDA[60]

Business Transformation - Knowles is transforming into a high-reliability, high-performance industrial technology company[9, 30] - The sale of the Consumer MEMS Microphones (CMM) business changes the company's market mix, eliminating the consumer mobile market and aiming for higher growth and margins[9, 31] Financial Performance & Metrics - The company's 2023 pro forma revenue is $560 million[5] - The 2023 pro forma adjusted EBITDA margin is 21%[5] - 2023 revenue for Precision Devices is $221 million with 22% adjusted EBITDA margins[17, 18] - 2023 revenue for MedTech & Specialty Audio is $230 million with 42% adjusted EBITDA margins[19] - Q3 2024 revenue is guided at $139 to $143 million[25] - Q4 2024 revenue is expected to be in the range of $140 to $150 million[27] Capital Allocation - The company has liquidity of over $300 million to support acquisition growth[23] - Capital investments are anticipated to be 3-5% of revenues to support new business and product innovation[23]

Core Insights - Smartkem has received a UK patent for a new method of MicroLED display manufacturing, enhancing efficiency and sustainability in the production process [1][2] - The patented method allows for selective removal of MicroLEDs from a source wafer, significantly reducing material waste and production costs compared to traditional methods [2][3] - Smartkem's IP portfolio includes 140 granted patents across 17 families, indicating a strong position in the semiconductor materials market [2][6] Company Overview - Smartkem is focused on developing advanced transistor technology using proprietary semiconductor materials, aiming to revolutionize the electronics industry [4] - The company's TRUFLEX® semiconductor polymers enable low-temperature printing processes compatible with existing manufacturing infrastructure, targeting low-cost, high-performance displays [4] - Smartkem operates R&D facilities in Manchester, UK, and provides prototyping services at the Centre for Process Innovation in Sedgefield, UK [5] Manufacturing Process - The new MicroLED manufacturing method involves preparing a MicroLED wafer, applying an adhesion layer, and selectively transferring only necessary LEDs to a display substrate [2][3] - This approach allows the source wafer to be reused multiple times, leading to lower display costs compared to traditional monolithic methods [3]

Core Viewpoint - The establishment of a scientific alliance between Shenzhen and Dongguan aims to enhance collaboration in innovation and technology, facilitating the integration of resources and services between the two cities [2][4][9]. Group 1: Scientific Alliance Formation - The scientific alliance, formed by 37 member units from universities, research institutions, and innovative enterprises, aims to promote efficient integration of talent and research resources between Shenzhen and Dongguan [4][5]. - The alliance's logo "We-Science" symbolizes the merging of innovation resources and the creation of a collaborative ecosystem [4]. - The alliance will focus on a "2+N" innovation ecosystem, driven by the "Guangming Science City Forum" and "Songshan Lake Science Conference" [5]. Group 2: Infrastructure Development - A new main road connecting Guangming Science City and Songshan Lake Science City will reduce travel time to approximately 10 minutes, enhancing transportation efficiency [6]. - The road will feature dual eight-lane and six-lane configurations, with a total length of about 13 kilometers and a traffic capacity of 9,000 vehicles per hour [6]. - The cities are also developing a rail network that includes two intercity lines and two metro lines, expected to accommodate around 35,000 passengers per hour [8]. Group 3: Strategic Importance - The scientific alliance is seen as a key initiative for implementing the Guangdong-Hong Kong-Macao Greater Bay Area national strategy and enhancing regional collaborative innovation [9]. - The integration of the two science cities is anticipated to become a driving force for high-quality development in the Greater Bay Area, positioning them as a global hub for technological innovation [9].