Merger involves Mainland China Subsidiaries

Subject:Merger involves Mainland China Subsidiaries

Date of events:2020/04/29

Contents:

1.Type of merger/acquisition (e.g.merger, consolidation, spin-off, acquisition, or receiving assignment of shares):Merger

2.Date of occurrence of the event:2020/04/29

3.Names of companies participating in the merger (e.g.name of the other company participating in the merger or consolidation, newly established company in a spin-off, acquired company, or company whose shares are taken assignment of):

HongFuJin Precision Electronics (ZhengZhou) Co., LTD. merged with

100% subsidiary,Zhengzhou Fulianwang electronic technology Co., LTD.

4.Counterparty (e.g.name of the other company participating in the merger or consolidation, company taking assignment of the spin-off, or counterpartyto the acquisition or assignment of shares):

Extended company:HongFuJin Precision Electronics (ZhengZhou) Co., LTD.

Annihilation company:Zhengzhou Fulianwang electronic technology Co., LTD.

5.Relationship between the counterparty and the Company (investee company in which the Company has re-invested and has shareholding of XX%), and explanation of the reasons for the decision to acquire, or take assignment of the shares of, an affiliated enterprise or related person, and whether it will affect shareholders' equity:

Zhengzhou Fulianwang electronic technology Co., LTD. are HongFuJin Precision

Electronics (ZhengZhou) Co., LTD. 100% owned subsidiaries no effect on equity.

6.Purpose/objective of the merger/acquisition:

Integrate internal resources

7.Anticipated benefits of the merger/acquisition:RMB 907,000,000

8.Scheduled timetable for consummation:2020/06/30

9.Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company:

HongFuJin Precision Electronics (ZhengZhou) Co., LTD. entity will assume

all Zhengzhou Fulianwang electronic technology Co., LTD. asset and liability.

10.Basic information of companies participating in the merger:

HongFuJin Precision Electronics (ZhengZhou) Co., LTD.:

Production and Operation of Third-Generation and Subsequent Generations of

Mobile Communication Systems and Mobile Phones, Core Network Equipment And

Network Detection Equipment and Components, New Electronic Components,

Digital Audio-Visual Decoding Equipment and Components.

Zhengzhou Fulianwang electronic technology Co., LTD.:

Sales of New Electronic Components, Electronic Products, Digital Products,

Computer Hardware and Software and Supporting Equipment, Network Equipment,

Home Appliances.