Financial Performance - Revenue for 2022 was $433,893,000, a decrease of 9% from $476,659,000 in 2021[19] - Gross profit increased to $32,530,000 in 2022 from $21,151,000 in 2021, representing a 54% increase[19] - Operating profit for 2022 was $8,067,000, compared to an operating loss of $4,973,000 in 2021[19] - Profit for the year attributable to equity holders of APWC was $3,874,000 in 2022, recovering from a loss of $2,642,000 in 2021[19] - Basic and diluted earnings per share for 2022 was $0.19, compared to a loss of $0.19 in 2021[19] - The company's total operating profit for 2022 was $8.067 million, compared to a loss of $4.973 million in 2021[200] - Gross profit increased by $11.4 million, or 53.8%, from $21.2 million in 2021 to $32.5 million in 2022, with a gross profit margin of 7.5% compared to 4.4% in 2021[209] - Operating profit for 2022 was $8.1 million, representing an increase of $13 million or 262.2% from an operating loss of $(5) million in 2021[210] Cash and Assets - Cash and cash equivalents increased to $54,017,000 in 2022 from $44,507,000 in 2021, marking a 21% increase[20] - Total assets decreased to $371,019,000 in 2022 from $389,428,000 in 2021, a decline of 5%[20] - Total debts reduced to $57,731,000 in 2022 from $65,387,000 in 2021, a decrease of 12%[20] - The company reported a working capital of $165,926,000 in 2022, up from $149,810,000 in 2021[20] Market and Competition - The wire and cable industry in the Asia Pacific region is highly competitive, with competitors having greater resources potentially impacting sales[42] - The telecommunications cable business faces competition from alternative transmission technologies, particularly wireless[45] - Sales are highly concentrated in large state-owned enterprises (SOEs) or private infrastructure developers, making the company vulnerable to losing key customers[46] - Competition with PRC State-Owned Enterprises (SOEs) may materially impact business operations due to their competitive advantages and government subsidies[108] Risks and Challenges - The company faces risks related to COVID-19, including potential disruptions to operations and financial performance[22] - COVID-19 may materially and adversely affect the company's business operations and financial results, with ongoing monitoring of the situation[37] - The company faces risks related to foreign exchange fluctuations, particularly with currencies such as the Thai Baht, Australian dollar, Singapore dollar, and RMB, which could adversely affect financial performance[64] - Political and economic instability in Thailand could impact the company's operations and sales, particularly in the construction and infrastructure sectors[68] - The company is subject to various risks related to international operations, including supply disruptions and changes in foreign currency exchange rates[135] Regulatory and Compliance - The company is subject to environmental protection laws, which could result in liabilities that materially affect its financial condition[52] - The company is subject to restrictive covenants in existing debt agreements, which may materially restrict operations and affect liquidity[60] - The SEC has established a two-year non-inspection timeline for potential trading prohibitions, which could impact the company's ability to maintain its listing on Nasdaq[75] - The company's operations in the PRC are governed by evolving laws and regulations, which may create uncertainties and affect compliance[80] - The PRC government has significant discretion in interpreting laws, which may limit legal protections and remedies for the company in disputes[81] Sales and Revenue Breakdown - The Thailand region accounted for 40% of sales in 2022, while the ROW region accounted for 42% and North Asia accounted for 18%[63] - In 2022, total consolidated revenue from external customers was $433.9 million, with significant contributions from Thailand ($171.8 million) and ROW ($184.7 million) segments[148] - Revenue from the North Asia region decreased by $30 million, or 28%, from $107 million in 2021 to $77.3 million in 2022, primarily due to decreased sales volume[207] - Revenue from the Thailand region decreased by $25.9 million, or 13%, from $197.8 million in 2021 to $171.8 million in 2022, attributed to decreased sales to the public sector and currency depreciation[208] - The ROW region saw an increase in net sales from $171.848 million in 2021 to $184.723 million in 2022[200] Capital Expenditures and Investments - The company expects capital expenditures of $0.7 million in 2023, primarily for new equipment to expand production capacity in Australia and Thailand[142] - The company incurred principal capital expenditures of $3.7 million in 2022, down from $8.5 million in 2021 and $14.5 million in 2020[142] - APWC's investment in Asia Pacific New Energy Co. Ltd. (APNEC) increased by $3.9 million (NT$120 million) to fund renewable energy projects, including a fishery solar farm[158] Product Performance - In 2022, power cable revenue was $182.2 million, while enameled wire revenue was $178.1 million, indicating a strong performance in both product lines[148] - The company has established long-term contracts with copper suppliers, ensuring a stable supply of copper rods and cathodes, which are critical for production[174] - The company produces low voltage power cables with a capacity range of 1 to 3.3 kilovolts, used in commercial and residential buildings[166] - APWC's telecommunications cables include copper-based and fiber optic cables, designed for various internal and external environments[169] - APWC's enameled wires are used in various household appliances and small machinery, with sizes ranging from 0.02 mm to 4.00 mm in diameter[165] Shareholder and Dividend Information - APWC did not declare or pay any dividends for the years ended December 31, 2022, 2021, 2020, and 2019, and future dividends may be reduced or eliminated[120] - The ability to pay dividends is dependent on distributions from subsidiaries, which may be restricted by local laws and regulations[122] - As of December 31, 2021, approximately 80.9% of the issued and outstanding Common Shares are owned by PEWC, which limits public float and trading volume[115] - The Common Shares are currently listed on Nasdaq and must maintain a closing bid price of at least $1.00 per share to avoid delisting[109]

EXHIBIT 99.1 Asia Pacific Wire & Cable Corporation Limited Reports Third Quarter 2022 Financial Results TAIPEI, Taiwan, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company's financial results for the nine months ended September 30, 2022. Unless otherwise indicated, all data are ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...