Subsidiary obtaining and disposal of equipment

No:1

Subject: Subsidiary Foxconn EV Asset Management LLC. announces obtaining of Machinery and equipment

Contents:

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

2.Date of occurrence of the event:2022/12/15

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Batch of machinery and equipment; USD 168,952,593

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): Foxconn EV Technology Inc.Parent and subsidiary companies

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: NA

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NA

8.Terms of delivery or payment (including payment period and monetary amount), restrictive ovenants in the contract, and other important terms and conditions:None

9.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:

Negotiation ; Book value; WRITTEN CONSENT OF THE SOLE MANAGER OF FOXCONN EV ASSET MANAGEMENT LLC.

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

11.Name of the professional appraiser: Na

12.Practice certificate number of the professional appraiser: Na

13.The appraisal report has a limited price, specific price, or special price: Na

14.An appraisal report has not yet been obtained: Na

15.Reason for an appraisal report not being obtained: Na

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA: Na

17.Name of the CPA firm: Na

18.Name of the CPA: Na

19.Practice certificate number of the CPA: Na

20.Broker and broker's fee: None

21.Concrete purpose or use of the acquisition or disposal: Develop new business

22.Any dissenting opinions of directors to the present transaction: None

23.Whether the counterparty of the current transaction is a related party: Yes

24.Date of the board of directors resolution:2022/12/15

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: No

27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: Na

28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: Na

29.Any other matters that need to be specified: None

No:2

Subject: Subsidiary Foxconn EV Technology Inc. announces disposal of Machinery and equipment

Contents:

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

2.Date of occurrence of the event:2022/12/15

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:Batch of machinery and equipment;USD 168,952,593

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):Foxconn EV Asset Management LLC.Parent and subsidiary companies

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:

Choosing the related party as trading counterpart:Develop new business

The identity of the previous owner:Lordstown EV Corporation

Relationship with the company and the trading counterpart:None

The date of acquisition:2022/05/11

Price of transfer:USD 151,150,000

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):0

8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: None

9.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:

Negotiation ; Book value; Board of Directors

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

11.Name of the professional appraiser: Na

12.Practice certificate number of the professional appraiser: Na

13.The appraisal report has a limited price, specific price, or special price: Na

14.An appraisal report has not yet been obtained: Na

15.Reason for an appraisal report not being obtained: Na

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA: Na

17.Name of the CPA firm: Na

18.Name of the CPA: Na

19.Practice certificate number of the CPA: Na

20.Broker and broker's fee: None

21.Concrete purpose or use of the acquisition or disposal:Develop new business

22.Any dissenting opinions of directors to the present transaction: None

23.Whether the counterparty of the current transaction is a related party: Yes

24.Date of the board of directors resolution:2022/12/15

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: No

27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: Na

28.Where the above assessed price is lower than the transaction price, the price assessed in ccordance with the Article 17 of the same regulations: Na

29.Any other matters that need to be specified: None