Luxshare - Ict (Vietnam) Limited (Vietnam)

The subject specializes in processing connection cables and mobile phone chargers, smartwatches mostly for the Apple brand. Besides, it also processes wireless wifi transmitters, webcams, touch pens... Meanwhile, its wholly subsidiary in Van Trung Industrial Park specializes in manufacturing AirPods & Airpods Pro for the Apple brand. The output products are mostly exported overseas directly to the USA (mainly), Hong Kong, China, EU and India. As revealed, most of the materials for the subject's processing are supplied by LUXSHARE PRECISION LIMITED (in Hong Kong), which is the subject's ultimate parent company.Especially, because of the new policy of LUXSHARE GROUP, the production facilities and processing activities for the Apple brand in China of the group have been moved gradually to Vietnam since late 2020. Thus, the subject continued expanding its production facilities. The subject's net sales increased sharply over the years. The factory of the subject at Lot U, Quang Chau Industrial Park, Quang Chau Commune, Viet Yen District, Bac Giang Province, Vietnam is in the process of installing machinery and equipment. It is expected to put into production at the beginning of 2024 as revealed by the import export staff.