FICG PARTNERS WITH MALAYSIA-LISTED CAPE EMS TO ACCELERATE AI AND OPTICAL MANUFACTURING EXPANSION

PRO3C plans to expand from eight to 18 SMT lines by the end of 2027, strengthening FICG's manufacturing capabilities and regional supply chain integration

TAIPEI, Oct. 20, 2026 /PRNewswire/ -- Taiwan-listed FIC Global Inc. (FICG, TWSE: 3701) continues to strengthen its manufacturing footprint in Southeast Asia to support growing global demand for artificial intelligence (AI), high-performance computing (HPC), data centres and high-speed optical communications.

Following the grand opening of the manufacturing facility of FICG's subsidiary PRO3C in Johor on 15 October 2026, PRO3C is advancing its expansion through a strategic collaboration with Cape EMS Berhad (5311.KL), a company listed on the Main Market of Bursa Malaysia. On 16 October 2026, PRO3C (Malaysia) Sdn. Bhd. signed a Memorandum of Agreement (MOA) and a conditional subscription agreement for Redeemable Convertible Preference Shares (RCPS) with Cape EMS.

PRO3C's Johor facility entered mass production in the first quarter of 2026. The site currently operates eight SMT lines and plans to expand to 18 lines by the end of 2027, subject to market demand and operational requirements.

Under the MOA, Cape EMS will act as PRO3C's local strategic partner in Johor, Malaysia, supporting PRO3C's Johor operations with facilities, material kitting, warehousing, manufacturing support and integrated support services. The parties have also reached a preliminary understanding on other areas of collaboration; the scope, fees and commercial terms will be set out in definitive agreements to be entered into between the parties.

The collaboration combines PRO3C's engineering expertise, international quality systems and global customer relationships with Cape EMS's established manufacturing infrastructure, experienced EMS workforce and local operational capabilities. It is expected to support PRO3C's production ramp-up, improve operational flexibility and strengthen supply chain integration.

Mr. Leo Chien, Chairman of FIC Global Inc., said: "The signing of this MOA reflects our confidence in Cape EMS as our local strategic partner in Malaysia. As PRO3C expands its advanced manufacturing operations to support growing demand for AI infrastructure and next-generation optical interconnect technologies, Cape EMS's established facilities, experienced workforce and local expertise will complement our technology capabilities and global customer relationships. Our objective goes beyond immediate manufacturing requirements. We look forward to building a long-term, sustainable and mutually beneficial partnership that supports our growth in Johor and contributes to Malaysia's advanced manufacturing ecosystem."

PRO3C has also entered into a conditional agreement to subscribe for RM50 million in Redeemable Convertible Preference Shares (RCPS) to be issued by Cape EMS, further supporting the long-term collaboration. The proposed subscription remains subject to the conditions precedent under the agreement, including the approval of FICG's board of directors, the approval of Bursa Malaysia Securities Berhad and the approval of Cape EMS's shareholders.

FICG considers the strategic investment to be aligned with the Group's long-term operations and capacity expansion in the Johor-Singapore Special Economic Zone. Compared with a pure outsourcing arrangement, a collaboration combined with a strategic investment supports closer cooperation on manufacturing resources, operational planning and supply chain management, laying the foundation for future upgrades in advanced manufacturing and business expansion.

The collaboration supports FICG's Johor–Singapore Twinning Strategy, linking PRO3C's advanced manufacturing, mass production and delivery capabilities in Johor with FICG's planned Innovation and Supply Chain Centre in Singapore, which will focus on global innovation, strategic sourcing, supply chain management and international customer engagement.

By combining its manufacturing expertise in Taiwan, Malaysia's production capabilities and Singapore's international connectivity, FICG aims to strengthen its integrated cross-border operating platform and global delivery capabilities. FICG will continue to pursue a development model that combines its own manufacturing bases with strategic partnerships, balancing speed of capacity expansion, capital efficiency and operational resilience, and will advance the expansion of PRO3C's Johor facility prudently in line with market demand.

SOURCE FIC Global, Inc.