Subsidiary disposal Guangzhou ChengXing shares

Subject: Subsidiary HongFuJin Precision Electronics (ZhengZhou) Co., Ltd. disposal Guangzhou ChengXing ZhiDong Motors Technology Co., LTD. shares

Contents:

1. Name of the securities: 

Guangzhou ChengXing ZhiDong Motors Technology Co., LTD. shares

2. Trading date: 2019/04/03

3. Trading volume, unit price, and total monetary amount of the transaction:

RMB300,000,000

4. Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

Tianjin rui feng xin chuang touzi guanli hehuo qiye(Limited Partner);None

5.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

Payment will be made after transaction conditions are met.

6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:

Negotiation ;Book value ;Board of Directors

7.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

RMB0;approximately 0.00%;restriction of rights:None

8. Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operational capital as shown in the most recent financial statement:

Ratio to total assets:2.3%, ratio to shareholder's equity:5.9%

Operating Capital:NTD-28,636,429,000

9. Concrete purpose/objective of the acquisition or disposal:

Equity Structure Modification of the Target Company