CCSC Technology and Innogetic Join Forces in Strategic Cooperation Agreement

June 13, 2024 by No Comments

Hong Kong, June 13, 2024 – CCSC Technology International Holdings Limited (“CCSC”) (Nasdaq: CCTG), a Hong Kong-based company specializing in the sale, design, and manufacturing of interconnect products such as connectors, cables, and wire harnesses, today announced that on May 22, 2024, it entered into a strategic cooperation framework agreement (“Agreement”) with Innogetic International Limited (“Innogetic”). Innogetic is a Hong Kong-based company focused on industrial software development and system integration, automated equipment and smart assembly line development, and digital transformation services. This collaboration aims to explore and implement digital technology, including artificial intelligence (“AI”), in the manufacturing sector by leveraging each company’s strengths in technology research and manufacturing integrations.

As per the Agreement, CCSC and Innogetic will establish a joint venture in Hong Kong to carry out the collaboration. Both parties will also share information on AI technology trends and the application of AI in manufacturing platforms and services.

Mr. Kung Lok Chiu, Chief Executive Officer and Director of CCSC, stated, “We are excited to collaborate with Innogetic in the field of AI technology. This Agreement represents a significant milestone for both CCSC and Innogetic, paving the way for groundbreaking advancements and growth in AI technology and its applications within the manufacturing sector. By sharing our resources and expertise, we aim to accelerate our transformation towards industrial digital intelligence. Moving forward, we plan to continue driving innovation and efficiency, further strengthening our position in the manufacturing industry.”

About CCSC Technology International Holdings Limited

CCSC Technology International Holdings Limited is a Hong Kong-based company that specializes in the sale, design, and manufacturing of interconnect products. The Company focuses on customized interconnect products, including connectors, cables, and wire harnesses, which are used in various applications across diverse industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. CCSC produces both OEM (“original equipment manufacturer”) and ODM (“original design manufacture”) interconnect products for manufacturing companies that produce end products, as well as electronic manufacturing services (“EMS”) companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base situated in over 25 countries across Asia, Europe, and the Americas. For more information, please visit the Company’s website: .

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

CCSC Technology International Holdings Limited
Investor Relations Department

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242