Q Technology announced its April 2017 Newsletter

Year-on-Year growth rate of camera module shipment accelerated

Growth of fingerprint recognition module remain strong

KUNSHAN, China, May 11, 2017 /PRNewswire/ -- Q Technology (Group) Company Limited (Stock code: 1478.HK) released its April 2017 newsletter on its company website (www.qtechglobal.com/index.html) on 10 May. The year-on-year growth rate of camera module shipment accelerated, whilst the shipment growth of fingerprint recognition module ("FPM") remain strong.   

1. Year-on-Year growth of camera module shipment accelerated: The robust growth path continues in April, attributable to the new projects of customers kick in gradually. During the period, the company recorded a total shipment of 15.59 million units of CCM, increased 27.14% year-on-year, higher than the 20.2% year-on-year growth of Q1 2017. Moreover, optimization of product mix continues parallelly with the acceleration of shipment growth. Total shipment of 13 mega pixels and above CCM amounted to 7.22 million, surged 213.08% year-on-year, and reached 46.3% of the total shipment of CCM segment, expected to impose a positive impact on the ASP of first half 2017.
   
2. Shipment growth of FPM remain strong: shipment of FPM in April totaled 6.80 million units, increased by 13.43% sequentially, and surged 19 times year-on-year. Wider adoption of fingerprint recognition function in Chinese branded smartphone manufacturer is well-observed. Capacitive sensor type of design will remain the mainstream and being the major driver to achieve the full year shipment growth target.

Besides, the Company's subsidiary, Kunshan Q Technology Limited ("Kunshan Q Tech") has become the only camera module supplier won the "High Quality Award" of 2016 from VIVO, one of the leading global smartphone manufacturer. Mr. He Ningning, Chairman of the Group stated, "The award representing their recognition of our product quality and overall customer service. Going forward, Q Technology will continue to provide high quality service to our customers to promote user-centric experience, dedicate to provide machine vision and human vision to mobile terminals by the persistent pursuit of capabilities in optics, computing vision and deep learning, and embrace the vision of enabling computer to understand and see the real world clearer."

The Company hereby advise that the information contained in this release have not been audited by the independent auditors and/or the audit committee of the Company's and are subject to future adjustment. Shareholders of the Company and potential investors are to be advised to exercise caution when dealing in the shares of the Company.

About Q Technology (Group) Company Limited (Stock Code: 1478.HK)

Q Technology is a China leading mid-to-high end mobile terminal camera module and fingerprint recognition module manufacturer, which is one of the first few manufacturers in China master the know-how in mass producing ultrathin camera modules with resolution over 16 mega pixels, dual camera modules and multi-type fingerprint recognition modules. Q Technology is dedicated to provide machine vision and human vision to mobile terminals by the persistent pursuit of capabilities in optics, computing vision and deep learning, and actively expanding its product offerings to new market segments, such as augmented reality (AR), virtual reality (VR) and automobile.

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