• Trio-Tech is the Applied Materials for semiconductor testing equipment and services.
• Trio-Tech is like **KLA Corporation** for outsourced semiconductor reliability and test services.

• Manufacturing and Distribution: Produces and distributes semiconductor manufacturing equipment, parts, and various other industrial products.
• Testing Services: Provides a range of testing services for semiconductor devices, including burn-in, reliability, and environmental testing.
• Lab Services: Offers failure analysis, counterfeit detection, and other specialized analytical services for electronic components.

Trio-Tech International (TRT) primarily sells to other companies (B2B) within the global semiconductor and electronics industries. The company's products and services include manufacturing, testing, and distribution for semiconductor components, as well as the production of high-reliability power semiconductors and test equipment.

Based on Trio-Tech International's latest annual report (10-K filing for the fiscal year ended June 30, 2023), no single customer accounted for 10% or more of the company's consolidated revenue. Due to this diversification, Trio-Tech International does not publicly disclose specific "major customer companies" by name, as is typically required for customers representing a material portion of revenue.

Therefore, while TRT serves a broad array of companies involved in semiconductor manufacturing, electronics production, and related industries, no individual customer is identified as "major" in its financial disclosures.

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Siew Wai Yong, President, Chief Executive Officer, and Chairman

Mr. Yong joined Trio-Tech International Pte Ltd in Singapore in 1976 and was appointed as its Managing Director in August 1980. He has served as a director, Chief Executive Officer, and President of the Company since September 1990 and was elected Chairman of the Board in September 2023. Mr. Yong holds a Master's Degree in Business Administration, a Graduate Diploma in Marketing Management, and a Diploma in Industrial Management. His leadership has been instrumental in guiding Trio-Tech through significant growth and technological advancement.

Anitha Srinivasan, Chief Financial Officer

Ms. Srinivasan was appointed as Chief Financial Officer of Trio-Tech International, effective July 1, 2022. She is a Chartered Accountant and a Certified Internal Auditor, possessing over twenty years of diversified experience in audit, finance, and corporate consulting. Prior to her appointment as CFO, Ms. Srinivasan served as a consultant to the Company for more than five years and was the Internal Audit Team Leader. In her role, she oversees all financial operations, including planning, risk management, record-keeping, and financial reporting.

Hwee Poh Lim, Senior Corporate Vice President & Chief Operating Officer of the Testing Group

Mr. Lim is responsible for the strategic direction and operational execution of Trio-Tech’s extensive testing services, overseeing the daily management of the testing divisions to ensure efficiency, quality, and the delivery of advanced solutions to clients. He brings extensive experience in the fields of testing and operations, which has been crucial in driving innovation and optimizing processes within his divisions.

Soon Lee Siew Kuan, Vice-President

Ms. Soon Lee Siew Kuan is a Vice-President at Trio-Tech International, where she contributes her expertise to the company's strategic leadership and operational management.

Trio-Tech International (TRT) primarily operates in the semiconductor industry, offering manufacturing of test equipment, testing services, and distribution of semiconductor equipment and electronic components. The core business, heavily focused on semiconductors, accounted for 99.9% of its total revenue for the fiscal years ended June 30, 2023, and 2022.

The addressable markets for Trio-Tech International's main products and services are:

• Semiconductor Test Equipment Market (Global): This market, which includes automated test equipment (ATE), wafer probing systems, and burn-in equipment, was valued at approximately USD 13.09 billion in 2024. It is projected to grow to about USD 21.72 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.64% during the forecast period. The Asia-Pacific region is a dominant force in this market, holding a significant share of global revenue.

• Burn-in Test System for Semiconductor Market (Global): A specific segment within semiconductor testing, this market was valued at approximately USD 1.8 billion in 2024 and is anticipated to reach USD 3.2 billion by 2033, demonstrating a CAGR of 6.7% from 2025 to 2033. The Asia-Pacific region leads this market due to a concentration of semiconductor manufacturing facilities, holding over 45% market share.

Trio-Tech International (TRT) is expected to drive future revenue growth over the next two to three years through several strategic initiatives and market opportunities:

1. Diversification and Growth of the Industrial Electronics (IE) Segment: Trio-Tech International is experiencing strong momentum in its Industrial Electronics segment, which is expanding into both existing and new end markets, including the aerospace channel. The company is also broadening its portfolio as a design-in reseller of advanced camera modules, LCD displays, and touch screen panels, contributing to significant revenue increases in this segment.
2. Strategic Expansion and Resilience in Semiconductor Back-End Solutions (SBS) in Southeast Asia: Despite headwinds in China, Trio-Tech's Semiconductor Back-End Solutions operations are showing resilience in Singapore, Malaysia, and Thailand. This growth is driven by customers shifting their supply chains to these regions due to tariffs and geopolitical tensions, positioning the company to capitalize on this industry transformation.
3. Launch and Shipments of Dynamic Tester Systems for SiC and GaN Power Modules: The company has begun shipping dynamic tester systems specifically designed for the growing Silicon Carbide (SiC) and Gallium Nitride (GaN) power module markets. These advanced materials are critical for high-performance applications such as industrial power systems, electric vehicles, and artificial intelligence, representing a new product offering with significant growth potential. Trio-Tech is actively engaging with new customers for these high-efficiency power solutions.
4. Growth in Value-Added Distribution Services: Trio-Tech's value-added distribution segment saw a 32% increase in revenue in fiscal year 2024, primarily due to strong sales of display products. The company aims to further enhance this segment by positioning itself as a value-added reseller, customizing distributed products through expert engineering, integration, and sub-assembly services, which is expected to drive its recovery and growth.
5. Securing Mass Production Orders for Next-Generation Systems: Trio-Tech International has secured a mass production order for key components of a third-generation point-of-sale (POS) system for a long-standing customer in the hospitality industry. This demonstrates sustained demand from existing customer relationships and the company's capability to participate in new product cycles.

Share Repurchases

• Trio-Tech International authorized a share repurchase program of up to $1.0 million over two years, announced on May 13, 2025.
• As of June 30, 2025, no shares had been repurchased under the authorized program.

Outbound Investments

• Trio-Tech(Jiangsu) Co. Ltd. was established in January 2022.

Capital Expenditures

• Capital expenditures totaled $4,584,000 for the fiscal year ended June 30, 2023.
• Capital expenditures were $1,468,000 for the fiscal year ended June 30, 2022.
• Fiscal 2023 capital expenditures primarily focused on operations in Singapore, China, Malaysia, and Thailand to enhance testing services for customers.