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2813 Value Partners Printed Circuit Board Active ETF

Why invest in PCBs？The PCB industry comprises numerous distinct segments, each defined by high technical entry barriers. Consequently, relying on individual companies or sub-sectors makes it difficult to participate in the full market opportunity. A PCB-themed ETF offers a diversified approach across four primary segments, providing broad coverage of the industry's secular expansion.The third-party content mentioned herein is for industry classification and illustrative purposes only and does not imply any affiliation or endorsement.Beyond a single niche: PCB opportunities across the full value chain03Basic MaterialsElectronic Cloth/Fiberglass,Cloth Copper, Foil ResinUpstreamCore SubstratesCopper Clad Laminate (CCL)MidstreamAdvanced ManufacturingHigh-Layer-Count PCBs, High-Density Interconnect (HDI) Boards,IC SubstratesDownstreamEquipmentDrilling, Laser, Inspection Equipment Across All SegmentsWhy invest in Value Partners Printed Circuit Board Active ETF The Value Partners Printed Circuit Board Active ETF is the world's first actively managed ETF dedicated to the PCB theme. While most AI-focused ETFs emphasize semiconductors, software, and infrastructure leaders, they largely overlook the PCB ecosystem, the essential backbone that connects and powers modern electronic devices and AI hardware.The world’s first active ETF invested across the printed circuit board (PCB) ecosystem01Source: Public market data (Morningstar, Shanghai Stock Exchange announcements, Hong Kong Stock Exchange, Nasdaq), as of September 2026; the timeline is divided based on the emergence of the first thematic ETF.2016201920232026ArtificialIntelligenceChipSemiconductorRoboticsAI ApplicationAI InfrastructureActive PCB-themed ETFs had not yet been covered 2813Value Partners Printed Circuit Board Active ETF 2813Value Partners Printed Circuit Board Active ETF#The ongoing charges figure is indicative only as the Sub-Fund is newly set up. It represents the sum of the estimated ongoing expenses over a 12-month period chargeable to the relevant class expressed as a percentage of the estimated average NAV of the relevant class over the same period. The actual figure may be different from this estimated figure and it may vary from year to year. For the 12-month period from the launch of the Sub-Fund, the ongoing charges of the class is capped at 1.50% of the averaged NAV of the class. Any ongoing expenses in respect of the class exceeding the capped figure during this period will be borne by the Manager and will not be charged to the class. *Please note that some fees may be increased up to a permitted maximum amount by providing one month’s prior notice to shareholders (except in the case where such increase only affects the Listed Class of Shares), 1 week’s prior notice to shareholders of the Listed Class of Shares). Please refer to the section headed “Expenses and Charges” in the Prospectus for further details of the fees and charges payable and the permitted maximum of such fee allowed, as well as other ongoing expenses that may be borne by the Sub-Fund.Stock CodeTrading CurrencyListing date (HKEX)Trading lot sizeManagerOngoing charges over a year#Management fee*23 October 2026100 shares0.99% per annumValue Partners Hong Kong Limited1.50%HKDHKD Counter：2813About Value PartnersSince Value Partners' establishment in 1993, we have been deeply cultivating the Asian and Greater China markets for over 33 years, accumulating extensive experience in active investment and asset management. Value Partners is the first independent asset management firm in Hong Kong to be listed on the Main Board of the Hong Kong Stock Exchange, and leveraging its solid investment strength and fund management capabilities. We have won over 300 industry awards and accolades, including multiple recognitions from The Asset, Bloomberg Businessweek, and China Fund News “Yinghua Awards”.Outstanding Performer (10-Year) China Equity: Value Partners Chinese Mainland Focus FundBloomberg Businessweek, Chinese editionTop Fund 2025House Awards – Best PerformerAsia ex-Japan EquityBloomberg Businessweek, Chinese editionTop Fund 2025Best Performer (1-Year)Greater China Equity: Value Partners Classic FundBloomberg Businessweek, Chinese editionTop Fund 2025What is PCB？PCB is the backbone of the AI ecosystem, enabling the high-speed data transmission essential for advanced computing. As AI models continue to scale and demand for computing power rises, the need for increasingly sophisticated PCB solutions is expected to grow, supporting long-term investment opportunities across the PCB value chain.Power SuppliesNetworking ComponentsAI ChipsIncluding GPUs, NPUs, etc.MemoryValue Partners continuously monitors five key drivers: Demand, Product, Technology, Supply, and Profitability to assess whether industry growth is translating into orders, revenues, and earnings. Leveraging this research-driven framework, we actively adjust portfolio allocations to capture opportunities and respond to evolving market conditions.Through its independent and comprehensive research framework, Value Partners has developed a proprietary 360-Degree Research approach that evaluates companies from multiple perspectives, including customers, suppliers, competitors, regulatory developments, and government policies.360-degree research03Proactive research, continuous validation of growth opportunities02The Value Partners Printed Circuit Board Active ETF invests across the global PCB value chain, focusing on listed companies with significant PCB-related revenue and earnings exposure. Combining comprehensive coverage of key industry segments with active allocation to high-growth opportunities, the ETF seeks to capture the long-term growth potential of the evolving PCB ecosystem.Precision stock selection across the PCB value chain04The Fund will invest at least 70% of its net asset value in equity and equity-related securities of companies listed on exchanges worldwide; at least 50% of the most recent revenue or operating profit of such companies must be derived from PCB-related products or services (including but not limited to PCB raw materials, copper clad laminates (CCL), multilayer boards, integrated circuit (IC) substrates, manufacturing equipment, and engineering services).≥70%The Fund may invest up to 30% of its net asset value in companies that currently do not meet the 50% revenue or operating profit threshold (where the Fund Manager determines that the company has a significant connection to PCB-related activities, and it is reasonably expected that the majority of the company's future revenue or operating profit will be derived from PCB-related products or services).≤30%Global Listed CompaniesScreeningProductTechnologyDemandSupplyProfitability6,500+Annual Due Diligence Meetings33Years of Asian Investment Experience1,200+ProprietaryFinancial ModelsValue Chain AnalysisIntegrated with On-the-Ground Research ExperienceThorough Interpretationof Policy & Regulatory DirectionCorporateRegulatorsCompetitorsSuppliersCustomersDownload Product LeafletProduct Details2205201,2602,100Rubin UltraRubinBlackwellHopperUSD / GPUSource: Morgan Stanley, Value Partners research forecasts, as of August 30, 2026; Hopper, Blackwell, and Rubin are codenames for each generation of NVIDIA (Nvidia) GPU architectures; Specifications and prices for Rubin and Rubin Ultra are subject to change. Data is for reference only, does not constitute definitive results, and may change at any time. Please do not regard it as a guarantee of future events.PCB value per GPU continues to rise across generationsAI computing systems are evolving from standalone accelerator cards toward rack-scale architectures. As chip density, transmission speeds, and system integration rise, server racks require PCBs featuring higher layer counts, advanced technologies, and greater manufacturing precision. Consequently, AI growth drives not only higher shipment volumes for chips and PCBs, but also greater technical complexity per board—yielding higher unit prices and driving simultaneous growth in both volume and price.Next-generation AI requires next-generation PCBs02Large Number of GPUs(72 units or more)Large Number of BoardsCompute BoardsSwitch BoardsNetwork Interface CardsControl BoardsPower Supply BoardsNext Generation Rack-Level AIPCBs UpgradeAI RackSingle ServerFew GPUs (1-8 units)Fewer BoardsGPU BaseboardMotherboardEarly AIHigher Signal Density:Demands higher layer counts to accommodate complex routingFaster Transmission Speeds:Requires ultra-low-loss substrate materials to preserve signal integrityIncreased Circuit Density: Drives finer line width and spacing (L/S)Elevated Power Demands: Requires enhanced electrical conductivity and thermal managementUpgradeDemandDownload Product LeafletProduct Details2813Embrace the AI Era Through the Evolution of Printed Circuit BoardsValue Partners Printed Circuit Board Active ETFThe world’s first Active ETFinvested across the PCB (Printed circuit board) ecosystemGlobal market coverage of the entire PCB value chainfrom materials to manufacturingDriven by active research and high-conviction stock selectionconducting in-depth industry research to identify high-quality companiesAI investment is entering a new phase of growth, fueled by surging cloud infrastructure spending, increasing chip demand, and strong revenue momentum across the AI value chain. At the heart of this ecosystem are Printed Circuit Boards (PCBs), the essential platform that connects and powers AI hardware. As AI adoption accelerates, PCB manufacturers stand to benefit from the growing demand for next-generation computing infrastructure.USD (100 Million)AnthropicOpenAI2060>200>250400>650>470>30014090020232024Apr20262025Feb2026Jul2026May2026Increased AI revenue:Supporting hardware investment demandSource: Official disclosures from OpenAI and Anthropic, Reuters, Bloomberg, as of July 2026. Data is for reference only; past performance and any forecasts do not represent future results.Annualized revenue of two major model companiesAI growth fuels unprecedented demand for advanced PCB solutions01Data center expansion:Expected to drive PCB demand growthCapital expenditure of top 5 cloud service providers at North AmericaUSD (100 Million)202420252026E2027E20231,5842,5194,3117,88210,173Source: Official disclosures from cloud service providers, Value Partners research forecasts, as of May 2026; The top five cloud service providers are Alphabet, Amazon, Meta, Microsoft, and Oracle; 2026E-2027E are forecasts. Capital expenditure includes non-AI projects. Data is for reference only; past performance and any forecasts do not represent future results.Increased chip demand:Expected rise in PCB demandSource: JPMorgan, Value Partners research forecasts, as of June 2026; GPU is equivalent to 2-die chip shipments. Data is for reference only; past performance and any forecasts do not represent future results.Chip shipmentsUnits (Million)Graphics Processing Unit (GPU)Application-Specific Integrated Circuit (ASIC)202420252026E2027E2028E14.52511.814.79.67.26.93.352.5

Important Information

I.Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the Prospectus and the Key Facts Statement of the Fund for further details, including the product features and risk factors before making any investment decisions.Value Partners Printed Circuit Board Active ETF (the Fund) will invest primarily in equity and equity-related securities of exchange-listed companies throughout the world, which derive the majority of their latest revenues or operating profits (as determined by the Manager based on publicly available disclosures and company filings) from Printed Circuit Board (PCB) related products or services (including but not limited to PCB raw materials, Copper Clad Laminates (CCL), multi-layer boards, integrated circuit (IC) substrates, manufacturing equipment, and engineering services). II.Value Partners Printed Circuit Board Active ETF (the Funåd) will invest primarily in equity and equity-related securities of exchange-listed companies throughout the world, which derive the majority of their latest revenues or operating profits (as determined by the Manager based on publicly available disclosures and company filings) from Printed Circuit Board (PCB) related products or services (including but not limited to PCB raw materials, Copper Clad Laminates (CCL), multi-layer boards, integrated circuit (IC) substrates, manufacturing equipment, and engineering services). The Fund will invest primarily in companies deriving the majority of their revenues or operating profits from PCB-related products or services. The Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the relevant market or region in which its investments are focused. III.The Manager employs an actively managed investment strategy for the Fund. The Fund does not seek to track any index or benchmark, it may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other funds with a similar objective. IV.The Fund will invest primarily in companies deriving the majority of their revenues or operating profits from PCB-related products or services. The Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the relevant market or region in which its investments are focused. V.PCB companies are exposed to risks including, but not limited to, rapid changes in technology, intense competition, government regulation, and obsolescence risk. Securities of such companies may be subject to greater price volatility than securities of companies in other sectors, particularly over the short term. VI.Such PCB companies may also be engaged in other lines of business unrelated to PCB related products or services, and these lines of business could adversely affect their operating results. VII.The Fund will invest in emerging markets such as Mainland China, which are subject to higher risks and higher volatility than more developed markets. VIII.The stocks of small-capitalisation/ mid-capitalisation companies may have lower liquidity and their prices are more volatile and susceptible to adverse economic developments than those of larger capitalisation companies in general. IX.Companies listed on the ChiNext market or STAR Board with generally lower listing eligibility criteria than main boards are usually of emerging nature with a smaller operating scale. Hence, investments in such boards may be subject to higher fluctuations in stock prices as well as liquidity, over valuation and delisting risks, and may result in significant losses for the Fund and its investors. X.The Fund may invest in financial derivative instruments (FDIs) for hedging and investment purposes. Risks associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element / component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund. XI.The Fund offers both listed class of Shares (the “Listed Class of Shares”) and unlisted classes of Shares (the “Unlisted Classes of Shares”). Investors of Listed and Unlisted Classes of Shares are subject to different pricing and dealing arrangements.

Important Information

I.Investment involves risk. Past performance is not indicative of future performance. Investor should not make any investment decision solely based on the information provided on this material. Investors should refer to the Prospectus and the Key Facts Statement of the Fund for further details, including the product features and risk factors before making any investment decisions.Value Partners Printed Circuit Board Active ETF (the Fund) will invest primarily in equity and equity-related securities of exchange-listed companies throughout the world, which derive the majority of their latest revenues or operating profits (as determined by the Manager based on publicly available disclosures and company filings) from Printed Circuit Board (PCB) related products or services (including but not limited to PCB raw materials, Copper Clad Laminates (CCL), multi-layer boards, integrated circuit (IC) substrates, manufacturing equipment, and engineering services). II.Value Partners Printed Circuit Board Active ETF (the Funåd) will invest primarily in equity and equity-related securities of exchange-listed companies throughout the world, which derive the majority of their latest revenues or operating profits (as determined by the Manager based on publicly available disclosures and company filings) from Printed Circuit Board (PCB) related products or services (including but not limited to PCB raw materials, Copper Clad Laminates (CCL), multi-layer boards, integrated circuit (IC) substrates, manufacturing equipment, and engineering services). The Fund will invest primarily in companies deriving the majority of their revenues or operating profits from PCB-related products or services. The Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the relevant market or region in which its investments are focused. III.The Manager employs an actively managed investment strategy for the Fund. The Fund does not seek to track any index or benchmark, it may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other funds with a similar objective. IV.The Fund will invest primarily in companies deriving the majority of their revenues or operating profits from PCB-related products or services. The Fund is therefore likely to be more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the relevant market or region in which its investments are focused. V.PCB companies are exposed to risks including, but not limited to, rapid changes in technology, intense competition, government regulation, and obsolescence risk. Securities of such companies may be subject to greater price volatility than securities of companies in other sectors, particularly over the short term. VI.Such PCB companies may also be engaged in other lines of business unrelated to PCB related products or services, and these lines of business could adversely affect their operating results. VII.The Fund will invest in emerging markets such as Mainland China, which are subject to higher risks and higher volatility than more developed markets. VIII.The stocks of small-capitalisation/ mid-capitalisation companies may have lower liquidity and their prices are more volatile and susceptible to adverse economic developments than those of larger capitalisation companies in general.IX.Companies listed on the ChiNext market or STAR Board with generally lower listing eligibility criteria than main boards are usually of emerging nature with a smaller operating scale. Hence, investments in such boards may be subject to higher fluctuations in stock prices as well as liquidity, over valuation and delisting risks, and may result in significant losses for the Fund and its investors.X.The Fund may invest in financial derivative instruments (FDIs) for hedging and investment purposes. Risks associated with FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element / component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Fund.XI.The Fund offers both listed class of Shares (the “Listed Class of Shares”) and unlisted classes of Shares (the “Unlisted Classes of Shares”). Investors of Listed and Unlisted Classes of Shares are subject to different pricing and dealing arrangements.
ETF Overview#The ongoing charges figure is indicative only as the Sub-Fund is newly set up. It represents the sum of the estimated ongoing expenses over a 12-month period chargeable to the relevant class expressed as a percentage of the estimated average NAV of the relevant class over the same period. The actual figure may be different from this estimated figure and it may vary from year to year. For the 12-month period from the launch of the Sub-Fund, the ongoing charges of the class is capped at 1.50% of the averaged NAV of the class. Any ongoing expenses in respect of the class exceeding the capped figure during this period will be borne by the Manager and will not be charged to the class. *Please note that some fees may be increased up to a permitted maximum amount by providing one month’s prior notice to shareholders (except in the case where such increase only affects the Listed Class of Shares), 1 week’s prior notice to shareholders of the Listed Class of Shares). Please refer to the section headed “Expenses and Charges” in the Prospectus for further details of the fees and charges payable and the permitted maximum of such fee allowed, as well as other ongoing expenses that may be borne by the Sub-Fund.DownloadProduct LeafletProduct DetailsValue PartnersPrinted Circuit Board Active ETF2813Stock CodeTrading CurrencyLasting Date (HKEX)Trading Lot SizeManagement Fee*ManagerOngoing Charges Over A Year#23 Oct 2026100 Shares0.99% per annumValue Partners Hong Kong Limited1.50%HKDHKD Counter: 2813About Value PartnersSince Value Partners' establishment in 1993, we have been deeply cultivating the Asian and Greater China markets for over 33 years, accumulating extensive experience in active investment and asset management. Value Partners is the first independent asset management firm in Hong Kong to be listed on the Main Board of the Hong Kong Stock Exchange, and leveraging its solid investment strength and fund management capabilities. We have won over 300 industry awards and accolades, including multiple recognitions from The Asset, Bloomberg Businessweek, and China Fund News “Yinghua Awards”.Outstanding Performer (10-Year) China Equity: Value Partners Chinese Mainland Focus FundBloomberg Businessweek, Chinese editionTop Fund 2025House Awards – Best PerformerAsia ex-Japan EquityBloomberg Businessweek, Chinese editionTop Fund 2025Best Performer (1-Year)Greater China Equity: Value Partners Classic FundBloomberg Businessweek, Chinese editionTop Fund 2025Why invest in Value Partners Printed Circuit Board Active ETF Source: Public market data (Morningstar, Shanghai Stock Exchange announcements, Hong Kong Stock Exchange, Nasdaq), as of September 2026; the timeline is divided based on the emergence of the first thematic ETF.2016201920232026Artificial IntelligenceChipSemiconductorRoboticsAI ApplicationAI InfrastructureActive PCB-themed ETFs had not yet been covered The world’s first active ETF invested across the printed circuit board (PCB) ecosystem01The Value Partners Printed Circuit Board Active ETF is the world's first actively managed ETF dedicated to the PCB theme. While most AI-focused ETFs emphasize semiconductors, software, and infrastructure leaders, they largely overlook the PCB ecosystem, the essential backbone that connects and powers modern electronic devices and AI hardware.2813Value Partners Printed Circuit Board Active ETF ProductTechnologyDemandSupplyProfitabilityProactive research, continuous validation of growth opportunitiesValue Partners continuously monitors five key drivers: Demand, Product, Technology, Supply, and Profitability to assess whether industry growth is translating into orders, revenues, and earnings. Leveraging this research-driven framework, we actively adjust portfolio allocations to capture opportunities and respond to evolving market conditions.026,500+Annual Due Diligence Meetings33Years of Asian Investment Experience1,200+ProprietaryFinancial ModelsValue Chain AnalysisIntegrated with On-the-Ground Research ExperienceThorough Interpretationof Policy & Regulatory DirectionCorporateRegulatorsCompetitorsSuppliersCustomers360-degree researchThrough its independent and comprehensive research framework, Value Partners has developed a proprietary 360-Degree Research approach that evaluates companies from multiple perspectives, including customers, suppliers, competitors, regulatory developments, and government policies.03The Fund will invest at least 70% of its net asset value in equity and equity-related securities of companies listed on exchanges worldwide; at least 50% of the most recent revenue or operating profit of such companies must be derived from PCB-related products or services (including but not limited to PCB raw materials, copper clad laminates (CCL), multilayer boards, integrated circuit (IC) substrates, manufacturing equipment, and engineering services).≥70%The Fund may invest up to 30% of its net asset value in companies that currently do not meet the 50% revenue or operating profit threshold (where the Fund Manager determines that the company has a significant connection to PCB-related activities, and it is reasonably expected that the majority of the company's future revenue or operating profit will be derived from PCB-related products or services).≤30%Global Listed CompaniesScreeningPrecision stock selection across the PCB value chainThe Value Partners Printed Circuit Board Active ETF invests across the global PCB value chain, focusing on listed companies with significant PCB-related revenue and earnings exposure. Combining comprehensive coverage of key industry segments with active allocation to high-growth opportunities, the ETF seeks to capture the long-term growth potential of the evolving PCB ecosystem.04Why invest in PCBs?AI growth fuels unprecedented demand for advanced PCB solutionsAI investment is entering a new phase of growth, fueled by surging cloud infrastructure spending, increasing chip demand, and strong revenue momentum across the AI value chain. At the heart of this ecosystem are Printed Circuit Boards (PCBs), the essential platform that connects and powers AI hardware. As AI adoption accelerates, PCB manufacturers stand to benefit from the growing demand for next-generation computing infrastructure.Data center expansion:Expected to drive PCB demand growthCapital expenditure of top 5 cloud service providers at North AmericaUSD (100 Million)202420252026E2027E20231,5842,5194,3117,88210,17301Source: Official disclosures from cloud service providers, Value Partners research forecasts, as of May 2026; The top five cloud service providers are Alphabet, Amazon, Meta, Microsoft, and Oracle; 2026E-2027E are forecasts. Capital expenditure includes non-AI projects. Data is for reference only; past performance and any forecasts do not represent future results.AnthropicOpenAI2060>200>250400>650>470>30014090020232024Apr20262025Feb2026Jul2026May2026USD (100 Million)Annualized revenue of two major model companiesIncreased AI revenue:Supporting hardware investment demandSource: Official disclosures from OpenAI and Anthropic, Reuters, Bloomberg, as of July 2026. Data is for reference only; past performance and any forecasts do not represent future results.Source: JPMorgan, Value Partners research forecasts, as of June 2026; GPU is equivalent to 2-die chip shipments. Data is for reference only; past performance and any forecasts do not represent future results.Increased chip demand:Expected rise in PCB demandChip shipments14.52511.814.79.67.26.93.352.5202420252026E2027E2028EUnits (Million)Graphics Processing Unit (GPU)Application-Specific Integrated Circuit (ASIC)Next-generation AI requires next-generation PCBsAI computing systems are evolving from standalone accelerator cards toward rack-scale architectures. As chip density, transmission speeds, and system integration rise, server racks require PCBs featuring higher layer counts, advanced technologies, and greater manufacturing precision. Consequently, AI growth drives not only higher shipment volumes for chips and PCBs, but also greater technical complexity per board—yielding higher unit prices and driving simultaneous growth in both volume and price.PCBs UpgradeLarge Number of GPUs(72 units or more)Large Number of BoardsCompute BoardsSwitch BoardsNetwork Interface CardsControl BoardsPower Supply BoardsNext Generation Rack-Level AIAI RackSingle ServerFew GPUs (1-8 units)Fewer BoardsGPU BaseboardMotherboardEarly AIUpgradeDemandSource: Morgan Stanley, Value Partners research forecasts, as of August 30, 2026; Hopper, Blackwell, and Rubin are codenames for each generation of NVIDIA (Nvidia) GPU architectures; Specifications and prices for Rubin and Rubin Ultra are subject to change. Data is for reference only, does not constitute definitive results, and may change at any time. Please do not regard it as a guarantee of future events.2205201,2602,100Rubin UltraRubinBlackwellHopperUSD / GPUPCB value per GPU continues to rise across generations02The PCB industry comprises numerous distinct segments, each defined by high technical entry barriers. Consequently, relying on individual companies or sub-sectors makes it difficult to participate in the full market opportunity. A PCB-themed ETF offers a diversified approach across four primary segments, providing broad coverage of the industry's secular expansion.Basic MaterialsElectronic Cloth/Fiberglass,Cloth Copper, Foil ResinUpstreamCore SubstratesCopper Clad Laminate (CCL)MidstreamAdvanced ManufacturingHigh-Layer-Count PCBs, High-Density Interconnect (HDI) Boards, IC SubstratesDownstreamEquipmentDrilling, Laser, Inspection Equipment Across All SegmentsBeyond a single niche: PCB opportunities across the full value chain03The third-party content mentioned herein is for industry classification and illustrative purposes only and does not imply any affiliation or endorsement.Value Partners Printed Circuit Board Active ETF2813Embrace the AI Era Through the Evolution of Printed Circuit BoardsWhat is PCB?PCB is the backbone of the AI ecosystem, enabling the high-speed data transmission essential for advanced computing. As AI models continue to scale and demand for computing power rises, the need for increasingly sophisticated PCB solutions is expected to grow, supporting long-term investment opportunities across the PCB value chain.Power SuppliesNetworking ComponentsAI ChipsIncluding GPUs, NPUs, etc.Memory