The board of directors of Time Interconnect Technology Limited on a voluntary basis to keep the shareholders and potential investors of the Company informed of the latest business development of the Group. The Company always strives to improve the Group's business operations and financial position by proactively seeking potential investment opportunities that would diversify the Group's existing business portfolio, broaden its source of income and enhance value to the Shareholders. The Board informed the Shareholders and potential investors that the Group has expanded its business to server business (the "New Business"), which is deeply customized based on brand customers' requirements.

The company's go-to-market strategy and business model will be JDM/ODM model. The products offered by the Group under the New Business are mainly applied in data centers, which includes rack-mounted computing servers, edge servers, AI smart servers, storage servers, smart network cards, GPU cards, complete cabinet products, etc. The New Business and the existing wire and cable business have an upstream and downstream relationship.

It is expected the New Business will represent an opportunity for the Group to expand its existing converged wire and cable products to a larger customer portfolio. In addition, the Company considers there will be a degree of vertical integration with the existing production of the Group allowing an optimized cost structure. The Board believes the development of the New Business is a good opportunity for the Group to further develop its business and will help diversify the Group's business as well as the Group's income steam.