Business summary

Convergence Technology is a reputable supplier of custom wire components with around 20 years of experience in the wire components industry. The group is headquartered in Hong Kong and has production facilities in Huizhou, Guangdong Province, China, and mainly manufactures and supplies wire components based on CMS. Therefore, the products are produced according to the detailed instructions and designs of individual customers. Furthermore, the Group's wire components are produced according to the detailed instructions and designs of individual customers. Furthermore, the Group's wire components include telecommunications, data centers, industrial and medical equipment segments, all of which include telecommunications, data centers, industrial and medical equipment segments. Adopted by many Chinese and international customers with excellent business reputation.

Competitive advantage

The Group has an experienced management team with extensive knowledge in operating the cable manufacturing industry

The group adopts effective customization and flexible production models to meet the needs of different customers

High quality products, deep industry knowledge and responsive customer service help to establish long-term and stable relationships with major customers

Risk Factors

The group may face labor shortages or labor disputes, or may bear high labor costs

Groups face clients' credit risks

Fluctuations in the prices of the Group's main raw materials or commodities may affect the Group's business, financial situation and operating performance

Heavy Adverse Effects

Use of proceeds

Approximately 60.6% is used to purchase production facilities

Approximately 17.5% is used for automation and information technology improvement

Approximately 9.5% was used to further strengthen the group's R&D capabilities

Approximately 8.3% is used to purchase and upgrade production equipment

About 2.1% is used to enhance market marketing efforts

Approximately 2% is used for general working capital