To Seize the Market Development Opportunities Presented By 5G Rollout
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HONG KONG, CHINA -�Media OutReach�- 29 January 2019 -�Tongda
Group Holdings Limited ("Tongda Group" or the "Group") (stock
code: 698) is pleased to announce that the
Group has completed the research and development ("R&D") of the polarized base station antenna incorporating Laser Direct
Structuring (LDS) and Plating on Plastic
(POP) technology. The new antenna is to be applied to mainstream Massive Multiple-Input
and Multiple-Output (Massive MIMO)
antennas used in fifth generation wireless systems ("5G"). The Group has conducted R&D on a plastic dipole antenna
to be used in the polarized base station
antenna, which can direct and enhance the power of electromagnetic waves so that antennas can receive stronger electromagnetic signals,
which reduces the weight of the antenna with a
higher level of integration as the number of 5G dipole antenna increases. Currently, the Group is customizing molds for various
mainstream customers with production of small quantities expected to commence
in the second quarter of this year. The Group is also conducting R&D on 5G-compatible
handset casings of integrated radio and automotive GPS navigation antennas to seize the market
development opportunities brought about by 5G.
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For the handset casings business, the Group has
become one of the official suppliers of Samsung since the third quarter last
year engaging in the mass production of "Glastic" back covers for the latest
Samsung Galaxy J6+. This year, the Group will actively expand its collaboration
with Samsung to provide back covers for Samsung's mid-range handset models. In
addition, the Group is also the vendor for middle frames and 2.5D glass back
covers materials of the latest model of Xiaomi's Redmi Note 7. For the
tri-proof and high-precision components, the Group is working closely and
stably with an international customer in providing handset components such as
rubber molding, liquid-silicone rubber parts and high-precision injection
molding parts. In the automotive business, the Group is actively striving to
increase its market share this year on the solid foundation laid in previous
years with Geely Automobile currently its largest customer here. Apart from
providing interior automotive decorations for the Bin Yue, Bo Rui and Emgrand
under Geely Automobile, the Group also engages in small-scale production for
several other models.
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The customer base of the Group currently
includes the top five handset brands in the world and it provides comprehensive
handset casings and components solutions, such as Glastic back covers/Uni-Body
casings, metal middle frames/housings and 2.5D/3D glass back covers, as well as
the tri-proof and high-precision components, to cater for the diverse needs of
its customers. The Group will continue to devote its efforts to the R&D of
new craftsmanship in the future, in order to deepen and strengthen its sound
partnership with new and existing customers and to develop more competitive products
of higher quality.
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About
Tongda Group Holdings Limited
Tongda Group is the world's leading solutions
provider of high-precision components used in smart mobile communication and
consumer electronic products. The Group has been listed on the Main Board of
The Stock Exchange of Hong Kong Limited since 2000, under the Information
Technology -- IT Hardware category, and has been selected as a constituent stock
in the Hang Seng Composite LargeCap & MidCap Index, Hang Seng
Composite Industry Index -- Information Technology, Hang Seng SCHK ex-AH
Companies Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng Stock
Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap &
SmallCap Index and Hang Seng Global Composite Index. The Group garners the
DHL/SCMP Hong Kong Business Awards 2015?Enterprise Award and has been selected to the
Forbes Asia's 200 "Best Under A Billion" list in 2016. Mr. Wang Ya Nan,
Chairman and CEO of the Group has been named the winner in the technology
category of EY Entrepreneur of the Year China 2016.
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Leveraging its leading metal casings, In-Mold
Lamination ("IML") and insert molding business technology, as well
as the stable and high-quality clientele, the Group has established a solid presence in
the markets for handsets, smart electrical appliances and automotive interior decorative business. The Group is
dedicated to satisfying customers' needs through establishing global service
networks in various regions, with strategically located production bases in
Shishi city, Xiamen, Shanghai and Shenzhen, as well as R&D centres in
Shanghai and Taiwan.
