Ennostar has announced its financial results of the fourth quarter of 2024, along with a substantial restructuring plan. The Company’s Board of Directors has approved the merger of EPISTAR and Lextar into a single entity tentatively named Ennostar Corporation to accelerate the business expansion in high-value-added optoelectronic applications and to intensify its long-term growth prospects. As part of Ennostar’s organizational optimization strategy, the merger will not affect the shareholders’ equity of Ennostar Inc.
After the second term of the Board of Directors was assembled in June 2023, the group has further learned the management philosophies and operational models from international benchmark enterprises and accelerated integration from the perspective of One Ennostar. This initiative has sculptured a unified corporate vision and value, standardized operations and streamlined processes; meanwhile, the group assessed global production bases and reinvestment portfolio to escalate activation of assets and operation efficiency. In July 2024, a leadership rotation between the chairmen of EPISTAR and Lextar was implemented, further enhancing the group’s efficacy of integration.
Since June 2023, Ennostar has been actively advancing its Dual-Strategy Approach strategy and emphasizing Field Value-added Approach and Solution Value-added Approach to drive transformation and growth.
