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[June 3, 2024] Bel Fuse Inc, a leading global manufacturer of products that power, protect and connect electronic circuits, recently awarded Master Electronics with the Distributor of the Year award. This award is presented to the distributor that demonstrates exceptional sales growth, POS growth, customer count growth, and overall support and engagement.

“I am delighted to present the Master team with Bel's Distributor of the Year award. This honor recognizes their exceptional achievements in surpassing sales, POS, and customer count growth, along with their top-tier engagement and support in 2023. Awesome job, and a big thank you to the Master Team. We look forward to 2024!" - Dan Bernstein, President and CEO of Bel Fuse Inc.

“We are honored to receive the 2023 Distributor of the Year award from Bel Fuse. This recognition is a testament to our strong partnership and shared commitment to excellence. Bel Fuse has consistently provided exceptional support and leveraged Master’s unique model, which has been foundational to our success and rapid growth over the years. We are excited to continue this journey together and reach new heights.” - Riad Nizam, President, Master Electronics

About Bel
Bel (NASDAQ: BELFA and BELFB) designs, manufactures and markets a broad array of products that include circuit protection, connectors, cable assemblies, discrete components, magnetics and power supplies. The Company serves a global market and operates facilities around the world.

Media Contact
Bel Fuse, Inc.
Theresa Schroeder
Theresa.Schroeder@belf.com