Katie Xu Promoted to Executive Vice President, Strengthening ASMPT’s Financial Leadership

Singapore, 27 Nov 2024 – ASMPT Ltd (“the Group”), the world’s leading provider of integrated hardware and software solutions for semiconductor and electronics manufacturing, announced that Ms Katie Xu Yifan will be promoted to Executive Vice President and Group Chief Financial Officer, effective Dec 1.

As EVP, Katie Xu will also join the ASMPT Executive Office (EO) comprising Group CEO Robin Ng and Group Chief Strategy Officer Guenter Lauber. The EO guides the ASMPT global executive leadership team in the development and execution of ASMPT’s Group Strategy. Katie’s promotion to EVP and appointment to the EO affirms the importance of strong financial leadership in enabling the Group’s success and underscores ASMPT´s commitment to recognizing and nurturing top talent within the organization and ensuring strong leadership.

Katie Xu joined ASMPT in May 2022 as Senior Vice President and Group CFO with more than 20 years’ experience in various professional finance roles. Katie successfully integrated and strengthened the contributions of ASMPT’s Finance teams across the world. She helped drive ASMPT’s financial performance and market positioning, as evidenced by positive shifts in key financial metrics. She also strategically guided key investments in R&D and infrastructure, particularly advanced packaging, and led strategic cost optimization initiatives that enhanced operational efficiency, while helping ASMPT maintain a robust balance sheet with strong net cash values in the face of industry-wide challenges.

Robin Ng, Chief Executive Officer of ASMPT, commented on the promotion: "Katie's financial acumen and strategic insight have been invaluable to ASMPT during a period of both challenge and opportunity in our industry. Her promotion to Executive Vice President is a testament to her exceptional leadership and the critical contributions she has made, and I am very confident that she will be able to help us achieve ongoing success and future growth."

"It has been an honour to be part of the leadership team steering this great company forward," said Katie Xu. " ASMPT plays a crucial role in the semiconductor and electronics manufacturing ecosystem, and we have an immense responsibility to our customers who make the marvels that enable the modern digital world. I'm deeply grateful for this recognition, and the continued opportunity to make a difference, together with the support of my colleagues across ASMPT."

The ASMPT Executive Office from 1 Dec 2024: Guenter Lauber, Robin Ng and Katie Xu

About ASMPT Limited (“ASMPT”)

ASMPT Limited is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. Headquartered in Singapore, ASMPT’s offerings encompass the semiconductor assembly & packaging, and SMT (surface mount technology) industries, ranging from wafer deposition to the various solutions that organise, assemble and package delicate electronic components into a vast range of end-user devices, which include electronics, mobile communications, computing, automotive, industrial and LED (displays). ASMPT partners with customers very closely, with continuous investment in R&D helping to provide cost-effective, industry-shaping solutions that achieve higher productivity, greater reliability, and enhanced quality. ASMPT is also a founding member of the Semiconductor Climate Consortium.

ASMPT is listed on the Stock Exchange of Hong Kong (HKEX stock code: 0522), and is one of the constituent stocks of the Hang Seng TECH Index, Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under the Hang Seng Composite Industry Indexes, the Hang Seng Corporate Sustainability Benchmark Index, and the Hang Seng HK 35 Index. To learn more about ASMPT, please visit us at www.asmpt.com.

Media contacts:

ASMPT Singapore Pte. Ltd.
Lim Ee Guan
2 Yishun Avenue 7
Singapore 768924
Tel: +65 6450 1445
eg.lim@asmpt.com