Compal Health Chairman Mr. Eric Peng (left) and Dr. Jessy Kang (right), Founder of Smart Ageing Tech, completed the signing ceremony

Compal Electronics (“Compal”; Stock Ticker: 2324) announced today that its subsidiary, Compal Healthcare & Technology Ltd. (“Compal Healthcare”) has officially signed a merger agreement with Smart Ageing Tech Co., Ltd. (“Smart Ageing Tech”). The merger will take effect on January 1, 2026, with Compal Healthcare becoming a 100% owned subsidiary of Smart Ageing Tech. Post-merger, Compal is expected to hold 11.1% equity (at a fully diluted basis) in Smart Ageing Tech. This strategic merger integrates both companies’ strengths in healthcare, elder care, and AI SaaS technologies, aiming to build a comprehensive ecosystem for smart healthcare and long-term care. It not only reinforces Compal’s positioning in the smart medical industry but also serves as a key initiative to address Taiwan’s super-aged society and capitalize on the explosive growth of the elder care market.

Taiwan officially entered a super-aged society in 2025, with over 20% of the population aged 65 and above. In 2026, Taiwan government will fully implement the “Long-Term Care Ten-Year Plan 3.0”, ushering in a period of rapid expansion for the elder care industry. Over the next decade, Taiwan’s elderly population is projected to grow by more than 30%, driving sustained and increasing demand for long-term care services.

In addition to Compal’s long-standing focus on smart medical device R&D and sales, it has actively expanded into healthcare services and elder care software solutions. Its subsidiary, Compal Healthcare, has deployed the “Compal iCare” platform, serving over 1,000 home-care institutions and more than 100 day-care centers. Smart Ageing Tech, founded by Professor Shih-Chung Jessy Kang of National Taiwan University, specializes in smart elder care SaaS and AI technologies, with services covering residential care, day care, and home care. The company has also successfully expanded into the North American market. Following the merger, the two companies will adopt a “Taiwan as a role model, global expansion” strategy to accelerate international market entry and bring the next driver for Compal’s smart medical business.

Mr. Eric Peng, Chairman of Compal Healthcare, indicated "The healthcare and elder care industries are undergoing a structural transformation. The merger between Compal Healthcare and Smart Ageing Tech is not only a strategic integration of resources but also a forward-looking investment in a high-growth sector. We aim to establish a benchmark in smart long-term care, address the challenges of Taiwan’s aging society, and replicate our successful model globally to create long-term value for the company and its shareholders."

Both parties share a strong belief in the future of AI-enabled care, and will work together to drive innovation and implementation, delivering smart care solutions that balance quality, efficiency, and human-centered design. This partnership positions them at the forefront of the global elder care industry's next wave of transformation.

About Compal

Founded in 1984, Compal is a leading manufacturer in the notebook and smart device industry, creating brand value in collaboration with various sectors. Its groundbreaking product designs have received numerous international awards. In 2025, Compal was recognized by CommonWealth Magazine as one of Taiwan's top 7 manufacturers and has consistently ranked among the Forbes Global 2000 companies. In recent years, Compal has actively developed emerging businesses, including cloud servers, auto electronics, and smart medical, leveraging its integrated hardware and software R&D and manufacturing capabilities to create relevant solutions. More information, please visit https://www.compal.com

Media Contact

Jack Wang   Vice president and Spokesperson   +886-2-8797-8588   Investor@compal.com