Company announces indirect PRC investment

Subject:Company announces indirect PRC investment

Date of occurrence of the event:2019/03/29

Contents:

1.Method of the present increase (decrease) in investment:

(1)Share acquisition:The Company's subsidiary Foxconn Precision Imaging Pte. Ltd. shareholders Purchase 100% of shares Shenzhen HongFei Precision Technology Co., Ltd. For Hongfujin Precision Industry (Shenzhen) Co.,Ltd.

(2)Capital Increased by Cash:The company Invests In Foxconn Precision Imaging Pte. Ltd. that invests.

2.Transaction volume, price per unit, and total monetary amount of the transaction: 

Total amount equals:

(1)Share acquisition:RMB30,000,000

(2)Capital Increased by Cash:RMB36,000,000

3.Company name of the invested mainland Chinese company:

Shenzhen HongFei Precision Technology Co., Ltd.

4.Paid-in capital of said invested mainland Chinese company:RMB30,000,000

5.Amount of new capital increment currently planned by said invested mainland Chinese company:RMB36,000,000

6.Main business items of said invested mainland Chines company:

Photography camera and camera accessories;Multimedia Recording and player & accessories;Designing, manufacturing and marketing of Audio-System

7.Counterparty to the transaction and its relationship to the Company:

(1)Share acquisition:Hongfujin Precision Industry (Shenzhen) Co.,Ltd.;Connection company

(2)Capital Increased by Cash:Shenzhen HongFei Precision Technology Co., Ltd.; parent and subsidiary companies

8.Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship with the company and the trading counterpart), the date of transfer, and the price:

(1)Share acquisition:

(I)The reason for choosing the related party:Structure Modification

(II)The counterparty and the identity of the previous owner:None

(2)Capital Increased by Cash:

(I)The reason for choosing the related party:Stock purchase & Capital

Increased by Cash.

(II)The counterparty and the identity of the previous owner:NA

9.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Board of Directors

10.Concrete purpose of the acquisition or disposal:

Long Term Investment