Tongtai Advances Strategic Investments and Organizational Restructuring to Expand Technology Integration and Global Market Presence
KAOHSIUNG, Taiwan, March 13, 2025 — Tongtai Machine & Tool Co., Ltd. (4526.TW) held a board of directors meeting today, approving several key resolutions including the 2024 consolidated financial report, executive management adjustments, and governance structure enhancements. Tongtai stated that these adjustments are designed to strengthen corporate management, improve financial stability, and drive organizational transformation to enhance overall competitiveness. Additionally, based on prudent financial planning, the Board resolved not to distribute dividends to ensure efficient resource allocation, strengthen corporate resilience, and support ongoing technological innovation and global market expansion.
To further strengthen corporate governance and operational efficiency, the Board approved adjustments to the Sustainability Development Committee and executive management positions. These changes aim to optimize the management structure and support the ongoing execution of environmental, social, and governance (ESG) initiatives as part of the company's commitment to corporate social responsibility. Furthermore, at the recently concluded TIMTOS exhibition, Tongtai expanded its European business footprint through a strategic alliance with Quaser Machine Tools Inc., strengthening technology integration and global market positioning to build a more secure foundation for future growth.
From a financial and operational planning perspective, Tongtai evaluated its total capital requirements amid global economic uncertainty and intensifying industry competition. Consequently, the company decided to retain greater operational flexibility. Although Tongtai recorded losses in 2024 due to challenging international market conditions, the company signed a factory disposal agreement earlier this year, which is expected to contribute non-operating income during the current fiscal year. Management stated that this will support efficient resource allocation, reinforce core competitiveness, and generate stable long-term returns for shareholders.
Financially, Tongtai generated February revenue of NT$370 million, representing a year-on-year growth of 50.03%, with cumulative revenue for the first two months of the year reaching NT$826 million, reflecting a year-on-year growth of 9.9%. In tandem with these operational updates, the Board resolved to hold the 2025 Annual General Shareholders' Meeting on June 13, 2025. Looking ahead, Tongtai will continue deepening its smart manufacturing capabilities and global market expansion strategies, relying on stable financial management, governance optimization, and strategic investments to create long-term value for shareholders and stakeholders.
