O Net Technologies : Net Wins Multi-millin US Dllar Cntract frm Leading E-Cigarette Brand - Bsting Revenue f Autmatin Slutins Business fr E-Cigarette Heating Mdules in 2019

[For immediate release]

O-Net Wins Multi-million US Dollar Contract from Leading E- Cigarette Brand

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Boosting Revenue of Automation Solutions Business for E-Cigarette Heating Modules in 2019

(Hong Kong, April8,2019) - O-NetTechnologies (Group) Limited ("O-Net" or the "Group") (stock code: 877), a leading high-technology enterprise, has recently earned a new multi-million US dollar automation equipment contract from a leading e-cigarette brand, speaking clearly to its leadership in the automation manufacturing sector for e-cigarette heating modules and its capability to grow new businesses alongside its core optical networking business.

As part of the contract, the Group is now working on over 100 automation machines for e- cigarette heating module manufacturing and they are expected to be completed by mid-July this year. By then, the Group will begin using the machines to manufacture heating modules for this leading e-cigarette brand. The Group believes the new contract will significantly boost the delivery volume of its heating module products in the second half of this year, and accordingly the revenue of the non-optical networking business segment under its automation solution business for e-cigarette heating modules.

Mr Austin Na, Chairman and CEO of O-Net, said, "I am delighted that we have the trust of this leading e-cigarette brand, which is proof of the excellent automation solutions we are able to offer and our leadership in the e-cigarette heating module manufacturing industry. While the Group already has long-standing relationship with several major e-cigarette makers in China, landing this new contract speaks clearly to its ability to reinforce its leading position in the global e-cigarette heating module market. Moving onward, we will continue our two-pronged strategy, applying our innovative and advanced technologies to capture growing opportunities for our core optical networking business and in new sectors, so that we may generate favorable returns for shareholders."

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About O-Net Technologies (Group) Limited (Stock code: 877)

O-Net Technologies (Group) Limited, with headquarters in Shenzhen, was listed on the Stock Exchange of Hong Kong Limited on 29 April 2010. It is a leading supplier of optical networking products to the global optical telecommunications and data-communications markets. To further strengthen the Group's leadership in the global technology industry, O-Net, along with 3SP and ITF, secures the supply of advanced laser chips and optical components in order to widen the Group's product range and improve its technologies through vertical integration. On the back of the Group's core optical networking technology platform, it has diversified from its core business to certain new businesses including industrial applications and consumer electronics, and has re-positioned its strategic focus from a sole telecoms passive component supplier to a high technology leader with advanced products and solutions for cloud data centres, automation, sensing and industrial laser, as well as ADAS with an aim to become a leading high-tech company.

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