Company History

February--Established in Dajia, Taichung, with PCB drilling processing and maintenance of related machinery and equipment as chief business items. Authorized capital of NTD 5,000,000.

April--Establishment of a CAM department specializing in drafting of precision negatives.

August--Capital increased by NTD 5,000,000 in cash, with paid-in capital increasing to NTD 10,000,000.

April--DNC connection test successful, achieving factory automation; computer integrated monitoring system formally included in the company's automation product sales lineup.

June--Capital increased by NTD 15,000,000 in cash, with paid-in capital increasing to NTD 25,000,000.

June--Capital increased by NTD 10,000,000 in cash, with paid-in capital increasing to NTD 35,000,000.

February--Plant expansion; initiation of technological cooperation with Japan's Hitachi Via. Production of drill assemblies begins.

September--Capital increased by NTD 10,000,000 in cash, with paid-in capital increasing to NTD 45,000,000.

April--Taichung Jinggong Factory established in Taichung Youth Science Park. The CNC Department moved to the Taichung Jinggong Factory.

September--CNC Department initiates sales cooperation with Compeq manufacturing Co., Ltd. The drill assembly production line is moved to the Jinggong Factory. Successful development and marketing of ring setting machines.

June--Capital increased by NTD 105,000,000 in cash, with paid-in capital increasing to NTD 150,000,000.

October--Successful development of a loader and unloader.
October--Expansion into the fields of e-commerce and online information service systems, propelling business system integration capabilities and technical standards towards a new milestone.  
February--Awarded BSI ISO-9001 Quality System Certification.
August--Capital increased by NTD 210,000,000 in cash, with paid-in capital increasing to NTD 360,000,000.
Introduction of Oracle ERP system.
November--Capital increased by NTD 20,000,000 in retained earnings, with paid-in capital increasing to NTD 380,000,000.
August--Capital increased by NTD 100,000,000 in retained earnings, with paid-in capital increasing to NTD 480,000,000.
The in-house brand "vela" enters the market.
Introduction of CRM to achieve closer customer relations.

March--The company raises 2,504,000 new shares with par value of NTD 10 at a premium of NTD 30 per share, with paid-in capital increasing to NTD 505,045,000.

July--The company raises 34,471,000 new shares with par value of NTD 10 at a premium of NTD 31.80 per share. Merger with Ofuna Holding Co., Ltd., with paid-in capital increasing to NTD 849,756,000.

Three vela products win the 19th Taiwan Excellence Awards.
Announcement of the "UNA" brand.



Successful development and marketing of "vela ND".

March--The company splits off operations and reduces capital; capital reduced by NTD 550,000,000. After the capital reduction, paid-in capital is NTD 299,756,000.

October--Announcement of 380,000 RPM spindle with the industry's highest rotation speed.

March--Company raises 1,739,000 new shares with par value of NTD 10 at a premium of NTD 37.26 per share for the transfer of 100% equity of Ofuna Enterprise Japan Co., Ltd. and 10% equity of Taiwan Kikinzoku Kogyo Co., Ltd., with paid-in capital increasing to NTD 317,148,000.

August--Capital increased by NTD 126,859,200 in retained earnings, with paid-in capital increasing to NTD 444,007,200.

Upgrading of Oracle ERP system.

June--Company changes name to Ofuna Technology Co., Ltd.

June--Successful development of vela CO2 laser drilling machine and announcement at the JPCA Show. Display at the TPCA Show in October and start of mass production.

June--Successful development of vela UV laser drilling machine and announcement at the JPCA Show. Display at the TPCA Show in October and start of mass production in 2019.

September--Supplemental public issuance, including NTD 10,000,000 employee stock option certificates.

October--Write off of 57,220 shares of treasury stock; amount of capital reduced by NTD 572,200, with paid-in capital after the write-off of treasury shares of NTD 443,435,000.