Half a Century of Outstanding Development, ASL is Leading the Market and Embarking on a New Journey

HONG KONG SAR - Media OutReach - 14 November 2023 - Automated Systems Holdings Limited ("ASL" or "the Group") (HKEX stock code: 771), a professional and trustworthy global unified technology services partner, is pleased to announce the Company's 50^th anniversary celebration, and the "ASL Solution Day 2023" is going to be held on 17^th November 2023, at JW Marriott Hotel Hong Kong. While celebrating the Group's glorious journey spanning half a century, we are committed to building a professional, efficient, and digitally integrated IT platform, in order to continue delivering innovative, sector-focused, and excellent digital unified technology services to the international market. ASL was established in the 1970s. Over the past 50 years of development, ASL started as a small system integrator and continuously pursued the direction of innovative technology. We expanded our business network to different fields and gradually developed three core businesses: Innovative Solutions Business, Cybersecurity and Omni-channel Managed Services. In 1997, ASL was listed on the main board of the Hong Kong Stock Exchange, marking its entry into the international capital market. In 2009, the Group became an important member of the Beijing Teamsun Group and expanded its business to mainland China. Over the past few decades, the IT industry has undergone significant transformations. ASL has continuously adjusted its business models to adapt to market demands, closely monitored industry development trends, and consistently explored new business opportunities. ASL has grown to become a leading technology service provider in the Asia-Pacific region. The core business performance has reached a new high in the past decade. In 2017, the Group acquired the US cloud computing services company, Grid Dynamics, and went public on NASDAQ (NASDAQ: GDYN) in 2020. This marked a significant step for the Group in implementing its regional development strategy in both the Asia-Pacific and European-American regions. In 2020, the establishment of the ASL Unified Operation Center (UOC) and the Security Operations Center (SOC²) enhanced the overall service level of network security. In 2021, the introduction of a one-stop Cloud-Native as a Service strengthened the integration of DevSecOps capabilities and optimized delivery resources, thereby improving continuous operation and maintenance standards. In 2022, ASL became one of the few Hong Kong companies to achieve the highest level of CMMI Level 5 software development certification, earning recognition for its exceptional capabilities. Optimize the Three Core Businesses and Enhance Platform Service Capabilities ASL continues to optimize and consolidate its three core businesses, which include Innovative Solutions Business, enhance customer experience with innovative applications. While adapting to industry development, we further invest resources in the development of artificial intelligence and robotic process automation, among other areas. For Intelligent Cybersecurity Services Business, the Group has received orders in various industries such as financial services, government, healthcare and retail and the Group is strengthening the integration of service platform, so as to provide unified technology. Regarding Integrated Managed Services Business, we aim to simplify customers' IT operations and improve efficiency. ASL actively promotes the expansion of multi-channel services and has successfully secured service orders from industries such as finance, aviation, and entertainment this year. Develops Hybrid Cloud Services and Continues to Improve the Capabilities of the Service Platform Regarding the new business, the Group actively develops hybrid cloud services and continues to improve the capabilities of its service platform, including its unique Unified Operation Center ("UOC"), which enables customers to access and analyze data more efficiently, thereby support their decision-making process, enhance customer experience and foster customer loyalty to our brand. The Group's self-branded "ASL Marketplace," an integrated cloud native online platform showcases cloud-native as-a-Service and one-stop DevSecOps capability, and the Group has launched several new products this year, with the aim of optimizing and enhancing its cloud-native services. Implements Sector-focused Strategy and Actively Expands in...