On January 14, 2025, Shanghai, China - SITWEI (Shanghai) Electronic Technology Co., Ltd. (stock abbreviation: SITWEI, stock code: 688213) held a grand topping out ceremony for the SITWEI Global Headquarters Park project in Pudong New Area. Relevant leaders of the Pudong New Area government were invited to attend the topping out ceremony, and Dr. Xu Chen, founder, chairman, and CEO of SITWEI, delivered a congratulatory speech at the ceremony. The successful topping out of the main structure marks a milestone in the construction of the SITWEI Global Headquarters Park project and a crucial step towards its final delivery and use.

At the ceremony, invited leaders and guests from all walks of life witnessed the topping out moment and extended warm congratulations, highly affirming the efforts and professional spirit of all parties involved in the project construction, and giving recognition and expectations for the future development of SITWEI.

Dr. Xu Chen, founder, chairman, and CEO of SITWEI, delivered a speech on stage, elaborating on the profound value and significance of the building's topping out for the company's development, and looking forward to SITWEI's future development prospects of rooting in the innovative land of Pudong and exploring new paths. Dr. Xu Chen said, "The construction of the global headquarters park is to meet the needs of the rapid growth of SITWEI's business volume, and is also an important milestone on SITWEI's development path. It reflects the further expansion of SITWEI's overall personnel scale and is an important witness to SITWEI's great step from a medium-sized enterprise to a world-class large-scale enterprise. The complete park facilities will provide a more comfortable, convenient, and efficient working environment for all SITWEI employees, create a focused and comfortable working atmosphere, and become a powerful driving force and solid support for SITWEI's talent attraction and future long-term development

The site of SITWEI Global Headquarters Park is located in Beicai Town, Pudong New Area. The groundbreaking ceremony will begin on February 1, 2023, with a total investment of about 850 million yuan, a total land area of about 21000 square meters, a total construction area of about 51000 square meters, and a capacity to accommodate about 3000 employees. With the joint efforts of all parties, the project has completed the construction of the main project in less than two years. After completion, it will become the headquarters of SITWEI Enterprise, integrating the R&D headquarters building, innovation research institute, and vehicle specification chip verification center, carrying SITWEI's R&D and innovation activities worldwide, and becoming a powerful support for the company's further development and breakthroughs in the field of high-end imaging technology.

Since its establishment, SITWEI has always focused on innovation and research and development of high-end imaging technology, actively expanding its business and team building, and has become one of the leading enterprises in China's semiconductor industry. With the rapid development and continuous expansion of SITWEI, the construction of the global headquarters campus has become an important layout in the company's development strategy blueprint. The successful completion of the main structure of the SITWEI Global Headquarters Park represents a new stage in the construction of SITWEI Global Headquarters Park, laying a solid foundation for building a more efficient, convenient, and advanced research and development environment and office space.

In the future, SITWEI will continue to focus on high-end image sensor chips and advanced imaging technology, relying on the development advantages of the semiconductor industry in Pudong area, further increasing investment in technological innovation, and working together with all parties to create a world-class integrated circuit industry cluster, providing better products and services for global customers.

About SmartSens Technology

SmartSens Technology (stock abbreviation: SmartSens, stock code: 688213) is a high-tech enterprise engaged in the research and development, design, and sales of CMOS image sensor chip products. Its headquarters is located in Shanghai, China, and it has research and development centers in multiple cities and countries.

Since its establishment, SITWEI has always focused on innovation and research and development of high-end imaging technology, and has gained recognition and favor from many customers with its performance advantages. As a CMOS image sensor product company committed to providing multi scenario applications and full performance coverage, our company's products have covered the full performance requirements of multi scenario application fields such as security monitoring, machine vision, intelligent vehicle electronics, and smartphones.

SITWEI will uphold the vision of "using cutting-edge intelligent imaging technology to enable people to better see and understand the world", with customer needs as the core driving force, continuously promote the upgrading of cutting-edge imaging technology, expand product application areas, and work with partners to promote the deepening development of future intelligent imaging technology.

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Name: John Chen

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