Delta and Subsidiary VIVOTEK Agree on Cash-for-Share Exchange Proposal for Delta to Acquire 100% Stake in VIVOTEK

The transaction, subject to VIVOTEK’s shareholder approval, is expected to enhance synergies within Delta’s business.

TAIPEI, Dec. 1, 2025 – Delta Electronics, Inc. (“Delta”) and VIVOTEK Inc. (“VIVOTEK”) announced today approval by their respective boards of directors of a proposed cash-for-share exchange transaction (the “Transaction”) under which Delta is to acquire 100% of VIVOTEK’s outstanding shares (Note 1) for approximately NT$3,733 million. Under the terms of the Transaction agreement, the acquisition price is set at NT$100 per share, representing an approximate premium of 16.8% (Note 2).

VIVOTEK is to convene an extraordinary general meeting on January 16, 2026 to seek shareholder approval for the Transaction and related matters. The effective date of the share exchange is tentatively set for March 27, 2026. Upon completion, VIVOTEK is to become a wholly-owned subsidiary of Delta, and will delist from the Taiwan Stock Exchange, ceasing public offering as of the effective date.

Ping Cheng, Chairman and CEO of Delta, said, “Smart buildings represent a core strategic focus for our company. Since VIVOTEK joined the Delta family, its world-class surveillance technology has become a critical pillar of our building automation solutions business. In response to the challenges and opportunities brought by rapid changes in the global market, closer integration between Delta’s Building Automation Business Group and VIVOTEK will accelerate decision-making and further enhance synergies across resources.”

Bill Lo, Chairman of VIVOTEK, said: “VIVOTEK has consistently invested in R&D to lead innovation in the surveillance industry. Since becoming part of Delta, we have successfully transformed into a global AI-driven surveillance solutions provider. Upon completion of this share exchange, VIVOTEK will become a wholly-owned subsidiary of Delta, enabling more flexible utilization of the group’s global production, R&D, and market resources. Through cross-domain integration and collaborative innovation, we are committed to jointly realizing a safer and more sustainable future.”

Note 1: Completion of the Transaction is subject to the fulfillment of certain conditions precedent set forth in the agreement.

Note 2: Calculation is based on the average closing price of VIVOTEK over 5 trading days prior to the board resolution of VIVOTEK.