Subsidiary HongFuJin(ZhengZhou) disposal of road

Subject:Subsidiary HongFuJin Precision Electronics (ZhengZhou) Co., LTD. disposal of road land

Date of events:2020/11/27

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):

Located in 『Zhengzhou Xinzheng comprehensive bonded zone』,Kang Yi Road﹑Kang Er Road﹑Kang San Road﹑Fu Yi Streed﹑Fu Er Streed﹑Fu San Streed﹑Fu Wu Streed﹑Fu Liu Streed﹑Fu Qi Streed﹑underpass and Supporting facilities.

2.Date of occurrence of the event:2020/11/27

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction volume:461,076.75 square meters, equivalent to 139,475.72 ping

Unit price:RMB 241.97/ ping

Total transaction price: RMB 111,565,400

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):

Zhengzhou Xinzheng Comprehensive Bonded Zone Renhong Investment Management Co., Ltd.; None

5.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):RMB 46,830,000

6.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:

Price comparison and negotiation: appraisal value

Decision-making unit: Board of Directors

7.Name of the professional appraisal firm or company and its appraisal price:

Shanghai Shenwei Appraisal Co., Ltd.; RMB 111,565,400

8.Name of the professional appraiser:

Zhou Wuxin

Jia Huilin

9.Practice certificate number of the professional appraiser:

Zhou Wuxin:41000429

Jia Huilin:41090053

10.Concrete purpose or use of the acquisition or disposal:

Cooperate with government policy planning