Hsinchu, Taiwan, May 26, 2026 – Sino-American Silicon Products (SAS) today (5/26) held its annual shareholders’ meeting and completed a full re-election of directors. A total of seven directors were elected, including Doris Hsu, Tang-Liang Yao, Wen-Huei Tsai, Feng-Ming Chang, Hau Fang (Kai Jiang Co., Ltd.), Shao-Lun Li (HungMao Investment Co., Ltd.), and Edward Andrew Ow (Kun-Chang Investment Co., Ltd.). Four independent directors were also elected, including Kai-Chan Yang, Hao-Chung Kuo, Chung-Wen Lan, and Chien-Yong Ma. All directors unanimously elected Doris Hsu to continue serving as Chairperson. This board re-election not only demonstrates the continuity of SAS’s board governance, but also marks an important stage in the Company’s generational succession. Mr. Ming-Kuang Lu, who has long participated in major governance and strategic direction planning, also completed the transition of his phased responsibilities following this re-election.
Mr. Ming-Kuang Lu assumed the position of Chairperson of SAS in 2007, and after stepping down as Chairperson in 2020, continued serving as Director and Honorary Chairperson. During his tenure, with profound industry experience and forward-looking vision, he led SAS Group to gradually expand its business footprint and strengthen overall competitiveness through strategic acquisitions and diversified business expansion. During key stages of growth, he laid a solid foundation for the Group’s stable operations and had a far-reaching impact on the Company’s long-term competitiveness and group development.
Honorary Chairperson Ming-Kuang Lu stated, “Being able to participate in important decisions and transformation at different stages of SAS’s development, and to work alongside the Board of Directors, management team, and all employees throughout the journey, has been a very valuable experience for me. For an enterprise to achieve long-term development, it is not enough to focus only on the current market environment; it is also necessary to identify the right direction amid a rapidly changing industry environment, allocate resources appropriately, and make decisions at critical moments. Starting from silicon wafers, solar, and sapphire businesses, SAS has pursued long-term development across core businesses including renewable energy, semiconductors, and automotive components, enabling the Group to continue growing and strengthening over time. As global energy transition and market demand continue to evolve, SAS has in recent years promoted organizational restructuring and advanced a dual-track strategy across manufacturing and services to lay the foundation for its next stage of growth. Stepping down from the Board this time represents a phased transition. I believe that what truly supports a company’s steady development is sound corporate governance, healthy operational fundamentals, the ability to continuously adapt and think critically, and the passing on of experience and values from one generation of teams to the next. I have strong confidence in SAS’s existing governance system and management team, and I also hope the Company will continue upholding its spirit of pragmatism, stability, and sustainable management to create long-term value for shareholders, employees, and society.”
Chairperson Doris Hsu stated, “Honorary Chairperson Ming-Kuang Lu has guided the Company through multiple critical stages with exceptional industry insight and governance perspective, leading the completion of important strategic initiatives and positioning the Group for stable development. On behalf of the Board of Directors and all employees, I would like to express our sincere gratitude to Honorary Chairperson Lu for his long-term guidance and contributions. Going forward, SAS will continue to expand its business footprint based on its existing governance framework and operational foundation, driving the Group’s long-term growth and sustainable development.”
In terms of business deployment, SAS continues to deepen its renewable energy business through a dual-track “manufacturing + services” strategy. On the manufacturing side, Sustainable Sunrise Co., Ltd. (SUN), SAS’s wholly owned subsidiary in Yilan, has long cultivated Taiwan’s solar market, establishing strong manufacturing capabilities and mass production experience, while gradually expanding into overseas markets and diversified applications. In addition to steadily supplying low-tariff, high-end customized wide-view solar wafers for zero-energy buildings to U.S. customers through mass production, SUN has also successfully entered the low Earth orbit (LEO) satellite market. Working with multiple customers, SUN has launched MWT (Metal Wrap Through) solar wafers featuring high reliability, radiation resistance, and resistance to extreme temperature cycling. The products have passed customers’ stringent validation and have already entered mass production and shipment, demonstrating that they have achieved the system-level maturity required for space applications, as well as SUN’s capabilities in space-grade solar technology and mass production. Compared with general ground-mounted products, space applications require much higher standards for efficiency, reliability, and lifespan, resulting in significantly higher technical barriers. Through its MWT technology, SUN places the electrode design on the back side of the solar wafer, effectively improving light absorption efficiency and power density while also offering lightweight advantages that better meet the needs of the LEO satellite market. As the global LEO satellite and aerospace industries continue to grow rapidly, SUN is leveraging its technology validation capabilities, mass production experience, and customization advantages to further strengthen product differentiation and market competitiveness, while deepening SAS’s global presence in advanced renewable energy and aerospace applications.
On the services side, Sustainable Energy Solution (SGE), SAS’s renewable energy subsidiary, integrates renewable energy generation, power sales, energy storage, and energy-saving services to build a one-stop green power and energy solution platform for enterprises, supporting enterprises in advancing RE100 and net-zero transformation, and becoming one of the Group’s strong growth drivers. As of April 2026, its power retail subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal), had cumulatively signed green power contracts exceeding 22 billion kWh. Unlike conventional power retail or project development models, SGE has established integrated energy service capabilities covering long-term corporate power purchase agreements (CPPAs), power dispatching, contract performance management, and green power trust mechanisms, forming a key foundation for long-term partnerships and stable power supply. Leveraging SAS Group’s long-standing experience in the semiconductor and manufacturing industries, SGE is better positioned to understand enterprise customers’ needs for stable power supply, green power adoption, and energy management. Through long-term contracts and integrated energy services, SGE continues to deepen long-term customer relationships. As rapid growth in AI applications drives rising electricity demand and enterprises accelerate low-carbon transformation, SGE also continues to actively expand its diversified customer base and energy service footprint.
SAS continues to advance its diversified business strategy by actively deepening its presence across the semiconductor, automotive electronic components, and renewable energy industry ecosystems. In the semiconductor sector, its subsidiary GlobalWafers (GWC, 6488:TT) leverages its global advanced manufacturing capacity deployment and product portfolio advantages. Benefiting from growing demand driven by AI and high-performance computing (HPC), as well as the recovery of the semiconductor market, wafer shipments and capacity utilization have both improved, while new capacities are accelerating qualification and ramp-up, gradually strengthening mid- to long-term growth momentum. Meanwhile, affiliated companies Taiwan Speciality Chemicals Corporation (TSC, 4772:TT), Advanced Wireless Semiconductor Company (AWSC, 8086:TT), and Actron Technology Corporation (Actron, 8255:TT) are demonstrating growth momentum in areas including advanced process materials, high-speed communication components, and high-efficiency power devices in response to market trends. Through integration of upstream and downstream resources and global deployment, SAS has transformed into a multinational diversified group, demonstrating solid growth momentum and industry competitiveness amid global supply chain restructuring and the energy transition trend.