LNC Technology Invests NT80 Million in LNC Engineering''s Capital Increase to Strengthen Humanoid Robot Layout

(Central News Agency reporter Chang Chien-chung, Hsinchu, 7th) LNC Technology, an automated equipment system manufacturer, today announced that its board of directors has resolved to participate in the capital increase of its affiliated company, LNC Engineering, with a total transaction amount not exceeding NT80 million. The main purpose is to strengthen the group''s layout in key components for humanoid robots and the group''s long-term development. LNC Technology stated that the board of directors resolved to acquire no more than 15 million common shares of LNC Engineering at NT2 per share, with a total amount not exceeding NT80 million. After participating in this capital increase, LNC Technology''s cumulative holdings in LNC Engineering will not exceed 24,709,500 shares, with a total amount not exceeding NT06 million. LNC Engineering''s self-produced precision harmonic reducers and joint modules are the core foundation for humanoid and mobile robots. LNC Technology stated that participating in LNC Engineering''s capital increase is mainly to strengthen the group''s layout in key components for humanoid robots and the group''s long-term development. LNC Technology''s board of directors also approved its first-quarter financial report today. Benefiting from strong demand from semiconductor clients, LNC Technology''s operations climbed in the first quarter, with quarterly revenue reaching NT.865 billion, an annual increase of 7.87%. Net profit attributable to the parent company was NT9.17 million, an annual increase of 12.75 times, and earnings per share were NTbash.24.