Market Overview

Multek Announces Completion of Acquisition by Suzhou Dongshan Precision Manufacturing (DSBJ)


Multek, a leading provider of Interconnect Solutions, today announced
the completion of its previously announced acquisition by Suzhou
Dongshan Precision Manufacturing Co. Ltd. ("DSBJ") (SZSE: 002384), a
diversified manufacturer headquartered in Suzhou, China. The transaction
was announced in March 2018 by Multek's outgoing parent company, Flex
(NASDAQ:FLEX), in the form of a divestiture. The completion of this
transaction follows the receipt of all necessary shareholder and
regulatory approvals.

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With the completion of its change in ownership, Multek becomes an
indirect, wholly-owned subsidiary of DSBJ. Franck Lize, Chief Executive
Officer of Multek, commented, "We are pleased to complete this
transaction and very excited about our future as part of the DSBJ family
of companies. Multek is now better positioned than ever to continue
expanding capabilities and contribute to the combined company's success,
while supporting our customers' future needs."

"This transaction represents a new chapter and key milestone in DSBJ's
38-year history," said Yuan Yonggang, Chairman and President of DSBJ.
"By acquiring Multek, we are creating a more powerful and global
enterprise in the component technology space, with more than 25,000
employees, over five million square feet of manufacturing space, and
adding over 300 active customers including the most respected brands in
the US, Europe and Asia. With the merger complete, we aim to rapidly
grow Multek by repeating the same successful recipe DSBJ used to
significantly grow the sales of MFLEX, our last major acquisition in
2016, which was a similar-sized manufacturer in the same industry. In
addition, Multek's large and diversified account base -- spanning
Smartphones, Wearables, IoT, Automotive, Medical, Communications
Infrastructure, Computing, Consumer Electronics, Industrials and
Instrumentation – presents excellent cross-fertilization opportunities
for DSBJ's existing companies and vice-versa."

Founded in 1978, Multek currently operates a 1.6 million square feet
campus in Zhuhai, China, offering one-stop engineering and manufacturing
services for rigid Printed Circuit Board (PCBs), flexible printed
circuits (FPC), rigid-flex, and assembly. Multek's plants and
laboratories are equipped with state-of-the-art equipment.

About Multek

Multek, a wholly owned subsidiary of DSBJ (SZSE: 002384), is a leading
value-add manufacturer of printed circuit board technologies offering a
broad spectrum of PCB engineering and manufacturing expertise including
high density interconnect, rigid, flexible, and rigid-flex printed
circuit and assembly solutions. Serving customers in mobile, automotive,
IoT, medical, wearable, telecommunications, computing, industrial and
consumer electronics markets, Multek enables customers to take products
to market quickly through early engineering, advanced technology new
product introduction, and volume production. For more information, visit

About DSBJ

DSBJ, founded in 1980 in Suzhou, was successfully listed on the Shenzhen
Stock Exchange (stock code: 002384) in 2010. DSBJ aims to be a leading
technology provider of critical components in the intelligent world of
IoT with one-stop R&D, manufacturing, sales and service for FPC, PCB,
Rigid-Flex, LED packaging, Display Modules, and Telecom equipment, which
are widely applied in the consumer electronics, telecommunications, and
automotive industries. DSBJ achieved annual revenue of USD 2.37 billion
in 2017.

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