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Announcement of the Establishment of "MiTAC Advance Technology Corp. on October 23, 2023

MiTAC

 

The board of directors of Mitac Information Technology Corp. resolved on August 18, 2023, to spin off the relevant business of the Innovative Technology Business Group and the Longtan Factory to the newly established subsidiary, "MiTAC Advance Technology Corp." with 100% ownership. This strategic organizational restructuring aims to enhance operational efficiency through specialized division of labor in response to industry development trends. Mitac Information Technology Corp. emphasizes that this spin-off is a strategic reorganization aligned with industry trends.


In the future, MiTAC Advance Technology Corp. will focus on the UAV drone industry, intelligent policing and surveillance systems, and applications for smart factories. The operational value of MiTAC Advance Technology Corp. is 500 million New Taiwan Dollars, with a registered capital of 1.2 billion New Taiwan Dollars.