Stock Abbreviation: Q TECH
Stock Code: 1478.HK

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Q Technology (Group) Company Limited was selected as the constituent stock of Hang Seng TECH index 2020-07-21

Q Technology (Group) Company Limited (“Q Technology” or the "Company", SEHK stock code: 1478, or together with its subsidiaries collectively referred to as the "Group"), a world-leading manufacturer of mid- to high-end camera module and fingerprint recognition module for mobile devices is pleased to announce that the Company has noticed today that Hang Seng Indexes Company limited, which comprises series of well-recognized indexes of HK and China markets will launch the new “Hang Seng TECH Index” which Q Technology has been selected as one of the thirty constituent stocks.

 

Hang Seng TECH Index will be officially launched on 27 July 2020 (Monday). The index universe covers Hong Kong-listed companies that have high business exposure

to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities. Eligible candidates are further screened by whether they operate via a technology-enabled platform, their research and development expenses to revenue ratio, and their revenue growth. After this screening, the top 30 stocks in terms of market capitalisation will be selected as index constituents and will be reviewed quarterly. According to back-testing data, the Hang Seng TECH Index would have achieved significant returns of 36.2% and 35.3% for the full year of 2019 and the first half of 2020 respectively.

 

Mr. He Ningning, Chairman of the Board of Directors and Executive Director of Q Technology, said: "The company was selected as a constituent stock of the Hang Seng TECH Index reflects the recognition from the investment community and various professional institutions of our efforts and achievements in product development, technological innovation and intelligent manufacturing. The Group continues to hold strong confidence in intelligent vision industry, adheres to the mission of "Illuminate Things " and the vision of "Leading camera technology and serving customers with excellent customer experience", focus on the user experience of customers and strive for the best.”