Advanced Substrate Technologies

[Audio] Welcome to AST, Pioneering Future Technologies.

[Audio] AST Facility Footprint. [image] lüiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiif I-IL.

[Audio] We will begin with an overview of the AST Facility Footprint, and to kick things off, we will present our Facility video mockup..

[Audio] AST Introduction. [image] lüiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiif I-IL.

[Audio] AST is a joint venture between two renowned companies, Toppan and Broadcom, focused on developing high-end FC-BGA technology..

[Audio] Founded in 2023, AST is at the forefront of the semiconductor ecosystem, specializing in high-density packages like FC-BGA and related components. We focus on meeting the growing demand for advanced solutions in data center servers and AI applications. AST is committed to delivering cutting-edge technology in substrate products. Join us on our journey to drive semiconductor innovation—your future with AST awaits..

[Audio] FC-BGA substrate is the base layer used to support and connect the flip-chip in an FC-BGA package. It provides the necessary electrical pathways, mechanical support, and heat dissipation for the semiconductor chip. It is typically made of high-performance materials, designed to handle high-density connections and ensure reliable operation in demanding applications like data centers and AI systems..

[Audio] Our AST Board of Directors consists of 3 Toppan Executive Officers and 2 Broadcom Executive Officers, all of whom are responsible for overseeing AST's performance..

[Audio] Our AST CXOs include CEO Yoshiyuki Iida-san, COO Hiroshi Tatsukawa-san, and CFO Yuki Takao-san. They are Toppan expatriates seconded to AST to oversee operations and financial performance..

[Audio] Our Corporate Vision is to pioneer future technologies across global industries, shaping innovation and becoming a global leader in industry transformation. Our Corporate Mission is to deliver advanced FC-BGA solutions, lead the FC-BGA industry with transformative products, and shape the future by improving global connectivity..

[Audio] Our Corporate Core Values emphasize Innovation, Quality, Diversity, and Collaboration. Our AST Corporate Culture is designed to create the best place to work, foster innovation and collaboration, maintain a non-toxic environment, cultivate leadership with respect over fear, mentor and empower, not micro-manage, and succeed for excellence and growth..

[Audio] AST focuses on developing the best leaders who embody qualities such as people management, kindness, seeking feedback, trust and empowerment, showing appreciation, encouraging balance, giving purpose, fairness, supporting growth, empathy, and protecting teams while eliminating toxic cultures..

[Audio] To enhance retention, AST leaders are committed to avoiding the common reasons people quit their jobs as listed herein. We prioritize fostering a supportive, empowering culture where employees feel valued, respected, and motivated to grow and succeed. For the engineering teams, do embrace the rules of innovation: Question everything, Forge your own path, Pour your heart into it, Embrace the "crazy ones", Never stop pushing forward, Sweat the small stuff to ensure quality, and always Stay hungry and curious for new ideas. These principles drive creativity and excellence, inspiring teams to challenge the status quo and continuously innovate..

[Audio] AST's Code of Conduct outlines the ethical and professional standards expected of all individuals within the organization. It serves as a framework for promoting integrity, accountability, respect, and fairness in every interaction. The Code addresses key areas such as honesty, confidentiality, conflict of interest, respect for diversity, and compliance with laws and regulations..

[Audio] AST is committed to sustainability through ESG principles and DEI. We focus on reducing our environmental impact, fostering a diverse and inclusive workplace, and maintaining strong governance. Our dedication to these values drives positive change and supports responsible growth for both our company and society..

[Audio] AST has a defined corporate identity that all employees must adhere to, including using Arial as our corporate font and following a specific policy format based on job functions and numbering system. We also have standardized top interview questions for the hiring team, who are required to record their comments. These are then reviewed by the relevant CXOs and HR to make the final decision on offers or rejections..

[Audio] A General Shared folder has been created in "Box" for easy access to common files, forms, and materials, available to all AST employees. Additionally, we have set up several HR email accounts for external career recruitment, employee connections, and helpline support..

[Audio] Our business structure consists of 10 departments, some of which have sub-departments linked to the relevant cost centers. Job positions are always named based on the function followed by the job level..

[Audio] This is a high-level overview of our AST organizational structure for Phase 1. By the end of Q4 2026, we aim to have a total of 333 employees, including 22 expatriates from Japan, who will support our operations..

[Audio] Working Terms and Conditions. abstract. Working Terms & Conditions.

[Audio] All employees are classified according to MOM guidelines as Non-Exempt, Exempt, or Exempt Managerial. Non-Exempt refers to technicians and operators, Exempt includes engineers and executives, while Exempt Managerial covers professionals and managers..

[Audio] AST job grades range from N1 to N3 for Non-Exempt positions, S4 to S6 for Exempt positions, and P7 or M7 to P8 and E11 for Exempt Managerial roles..

[Audio] Our regular office hours are from Monday to Friday, 8:00 AM to 5:00 PM, with a one-hour lunch break. Employees may work up to 12 hours in a single day. However, the total hours worked, including regular and overtime, cannot exceed 60 hours within any 7-day period, with overtime limited to 72 hours per month. Employees are required to have at least one day off every 7 consecutive days worked and must take a break after working no more than 6 consecutive hours..

[Audio] The shift patterns have not yet been decided, so we will skip this section for now..

[Audio] We offer Flexi Fixed-Time options, allowing employees to choose their preferred working hours based on Flexi 7, Flexi 8, or Flexi 9. The Work from Home system is available only to office employees and is not applicable to those in the R&D, Manufacturing departments, or their sub-departments. Managers may approve time-off requests of up to 1 hour, limited to urgent or emergency situations, for all employees. Muslim employees seeking time off for prayer must obtain manager approval, and prayers should be performed in the AST Prayer Room only..

[Audio] All new employees will undergo a probation period of 3 months, while those in professional and managerial roles will have an extended probation period of an additional 3 months. During this time, job suitability will be assessed, and if necessary, the probation period may be extended by up to 3 months. Employees who successfully pass the probation evaluation will be automatically confirmed in their roles..

[Audio] Regarding departure during the probation period: Non-Exempt employees are required to provide 1 calendar week notice, while Exempt, Professional, and Managerial employees must provide 2 calendar weeks' notice. For departures during the confirmation period: Non-Exempt employees are required to give 2 calendar weeks' notice, while Exempt, Professional, and Managerial employees must provide 2 calendar months' notice. For rehiring, employees who return within 12 months of their termination date will be eligible for credit for their prior service years and may receive an adjusted service date for benefit purposes. After 12 months, they will be treated as a new hire..

[Audio] AST's retirement age is set at 70 years old. Through the AST re-employment program, current appointments can be automatically extended until the age of 70, provided medical fitness and performance standards are met. No severance payments will be provided during the re-employment period. For foreign employees, the maximum age limit is determined by the validity of their work passes, or up to age 70, whichever is applicable..

[Audio] Compensation and Benefits. [image] lüiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiif I-IL.

[Audio] All employees are paid monthly on the last day of each calendar month. If the last day falls on a non-working day, payment will be made on the preceding working day. Annual increases are determined based on the company's overall financial performance and individual performance evaluations, with payouts scheduled for the May payroll. Employees must have completed at least 3 months of service by March 31st. Eligibility requires employees to remain actively employed and maintain continuous payroll status until the payout date of May 31st each year..

[Audio] AWS payouts are made by December 31st each year. All employees are eligible for a pro-rated AWS if they have completed at least 3 months of service by December 31st. In cases of involuntary termination due to workforce reduction, the AWS will also be pro-rated. Employees who voluntarily resign before completing a full year will forfeit their AWS. Additionally, if the company terminates an employee for disciplinary or performance-related reasons, the AWS will not be paid. The Annual Performance Bonus is paid out by May 31st each year. New employees must complete a minimum of 3 months of service by March 31st, to be eligible for the APB. Employees with less than 12 months of service will receive a pro-rated APB, provided they remain actively employed and maintain continuous payroll status until the payout date of May 31st each year..

[Audio] Non-Exempt employees with a basic monthly salary of $4,500 or less are eligible for overtime pay at 1.5 times their hourly rate, or 2.0 times their rate on Rest Days and Public Holidays. Exempt employees with a basic monthly salary of $2,600 or less are eligible for overtime at a rate of $13.60 per hour based on MOM guidelines. The total hours worked, including both regular and overtime, cannot exceed 60 hours within any 7-day period, with overtime limited to 72 hours per month. Any overtime beyond this cap will not be paid. All overtime must be approved by the manager prior to being worked. Managers who fail to follow this guideline may face disciplinary action..

[Audio] Daily shift allowances of $10 for day shifts and $20 for night shifts are paid to both Non-Exempt and Exempt employees, including during approved leave and public holidays. Additionally, employees on standby, whether Exempt or Non-Exempt, will receive a daily standby allowance of $10 if they are on standby for the full 7-day week. They must remain contactable 24/7 and be available to return to the site if called back to work..

[Audio] At AST, all employees who have completed at least 3 months of service are eligible for an onsite annual health vitality screening, which is organized by the company based on age. Employees under 40 will receive the Basic plan, valued at around $200, while those 40 and above will receive the Comprehensive plan, valued at around $300. New hires will only be required to undergo a pre-employment medical exam if it is necessary for work permits or occupational safety requirements. As for company mobile phones, AST provides them to Exempt Managerial employees and, if needed, to Shift-based Supervisors on a rotational basis during their shift work..

[Audio] Employees who obtain external licenses or certifications required for business purposes will receive a $300 incentive. However, personal requests for memberships or subscriptions will not be covered by AST..

[Audio] Office employees who work overtime until 9:00 PM are eligible for public or private transport hire reimbursement up to twice a week. However, employees who drive their own vehicles are not eligible for this reimbursement. For local business trips, training sessions, or travel to and from the airport, employees will be reimbursed based on their mode of transportation. Public transport reimbursements will be based on the receipts submitted. For private vehicles, employees will receive a standard rate of $20 for travel within 15 km of the Jurong area listed herein and $40 for travel outside of the Jurong area. This amount covers tolls and car parking services..

[Audio] Employees' immediate families, including their spouse and children, will receive an annual benefit of $1,500 for consultations related to Medical Outpatient, Medical Specialist, Accident and Emergency, Dental, and Optical services..

[Audio] Employees are prohibited from accepting gifts from contractors, suppliers, clients, or any parties with current or potential business dealings with the company. However, gifts of minimal value, such as Chinese New Year hampers, snacks, beverages, and marketing materials, are exceptions. Business meals require prior approval from the CEO and are limited to $100 per person..

[Audio] Employees are reimbursed for expenses directly related to Company business, provided they obtain prior approval before incurring any costs. To be eligible, employees must submit a completed expense report with detailed receipts, including the date, amount, and purpose of the expense. Expenses should be submitted within the same month when possible. Before E-claims begin, please submit your claims to your Manager and CC HR (Shirley) for manual tracking. Once claims are approved, forward it to Finance (Allan-san and Takao-san) for payment processing..

[Audio] Our long service award is given every 5 years, with the cash amount increasing by $500 for each milestone. Each department has an annual recognition spot award budget of $1,000, which can be distributed among employees. Heads of Departments are responsible for allocating these awards to team members who demonstrate exceptional performance, exceed their job scope, and deliver significant value to the company..

[Audio] The Hospitalization Wellness Hamper, worth around $100, is designed to uplift employees during their time of need and provide practical support to aid in their recovery. In times of sorrow, AST offers a condolence wreath, valued at around $100, as a gesture of support. This reflects our commitment to empathy and the strength of community within the company..

[Audio] Group Employee Insurance. [image] .„öffffffffffi 4_:.

[Audio] AST has partnered with NTUC Income and Chubb to provide insurance coverage for our employees. A welcome email will be sent by NTUC Income to the employee during their onboarding week, with instructions for creating their accounts in Apps..

[Audio] We provide GHS and GMM insurance coverage to all employees based on their employee group. Exempt Managerial will be under Plan 2, 1 bed with an overall limit of $100,000 Exempt & Non-Exempt will be under Plan 4, 2 beds with an overall limit of $70,000 Foreign Workers will be under Plan 2 FWMI, 4 beds with an overall limit of $60,000 (No co-insurance) Please note that Plan 2 and Plan 4 include a co-insurance of 10% for government hospitals and 20% for private hospitals. Hospital cash allowance is provided for all wards, except for A ward. You can request a Letter of Guarantee from the Income Alliance App to assist in settling your hospital bills first..

[Audio] Our GPA insurance plan provides coverage for all employees, including protection in the event of death, total permanent disablement, and dismemberment. It also covers second- and third-degree burns caused by accidents. The coverage amount is 24 times the employee's basic salary for Exempt and Non-Exempt employees, and 36 times for Exempt Professional and Managerial employees, with a maximum cap of $200,000. This coverage begins on the employee's hire date and remains in effect until resignation or retirement. It ensures that our employees are protected and supported in case of unexpected accidents..

[Audio] Our GTL insurance plan provides coverage for all employees. This includes protection in the event of death, total permanent disability, and a family income benefit, which is 12% of the sum assured. In case of terminal illness, an advance payment is also available. The plan covers extended death and total permanent disability benefits, as well as repatriation of mortal remains, up to $75,000. The coverage amount is 24 times the employee's basic salary for Exempt and Non-Exempt employees, and 36 times for Exempt Professional and Managerial employees, with a maximum cap of $200,000. This coverage begins on the employee's hire date and remains in effect until resignation or retirement..

[Audio] Our GBT insurance plan offers comprehensive protection for all employees while on business trips. It covers accidental death with a payout of up to $300,000, along with medical emergencies, trip cancellations, lost luggage, and more, ensuring peace of mind from departure to return. Claims can be easily submitted through receipt reimbursement via online..

[Audio] Our GDT insurance plan covers a wide range of dental treatments, including examinations, X-rays, fillings, scaling and polishing, root canal treatments, simple and surgical extractions, dentures, periodontal treatments, preprosthetic alveoplasty, and miscellaneous treatments up to $10 per visit. Crowns are also covered, excluding precious metals. The overall annual limit for dental coverage is $700 per policy year. Claims for reimbursement can be submitted through the Income Alliance app with receipts. Please note that dental clinics are limited to those located within Singapore only..

[Audio] For GOC claims, services at Panel GP Clinics and Polyclinics are covered on an as-charged basis. Non-Panel Clinics are capped at $45 per visit per day, and Overseas GP Clinics are capped at $200 per visit. TCM treatments are capped at $70 per visit, with a limit of 6 visits per year. Accidental and Emergency visits are capped at $200 per visit. Claims are processed through a cashless arrangement via the Income Alliance app by showing your e-card at any panel clinic. Additionally, some Malaysia panel clinics are available, and you can search for them in the app..