Subject: Subsidiary Foxconn (Far East) Limited has participated in private placement issued by Lordstown Motors Corp. by way of private placement

Contents:

1.Name and nature of the underlying security (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield):

Lordstown Motors Corp.;A Common shares

2.Date of occurrence of the event:2021/09/30

3.No., unit price, and monetary amount of the transaction:

Number: 7,248,163 shares

Unit price: USD 6.8983/per share

Monetary amount of the transaction: USD 50,000,002.82

4.Counterparty to the trade and its relationship to the company (if the trading counterparty is a natural person and not a related party of the company, its name is not required to be disclosed):

Counterparty to the trade: Participation in Lordstown Motors Corp. private

placement is not applicable

Counterparty's relationship to the company: the counterparty is not a

related party of Foxconn (Far East) Limited

5.Where the counterparty to the trade is a related party, an announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, including its relationship with the company and the trading counterparty, the price of the ownership transfer, and date of transfer: Na

6.Where the owner of the underlying securities within the past five years has been a related party of the company, an announcement shall also include the dates and prices of acquisition and disposal by the related party and its relationship with the company at the time: Na

7.Matters related to the creditor's rights currently being disposed of (including type of collateral of the disposed creditor's rights; if the creditor's rights are creditor's rights over a related party, the name of the related party and the book amount of such creditor's rights currently being disposed of must also be announced):Na

8.Profit (or loss) from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained):Na

9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: The Class A Common Stock will be subject to a lock-up period pursuant to the provisions of the Subscription Agreement.

10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: The Board of Directors

11.Net worth per share of company of the underlying securities acquired or disposed of:USD3.7542

12.The discrepancy between the reference price of private placement company and the transaction amount per share is 20 percent or more: Yes

13.Current cumulative no., amount, and shareholding ratio of the securities being traded (including the current transaction) as of the date of occurrence and status of any restriction of rights (e.g.,pledges):

Cumulative no.: 7,248,163 shares

Amount: USD 50,000,002.82

Shareholding ratio:3.83%

Status of any restriction of rights (e.g.,pledges):None

14.Privately placed securities (including the current transaction) as a percentage of total assets of the company and shareholder's equity of the parent company on the latest financial statements, and the operating capital on the latest financial statements as of the date of occurrence:

ratio to total asset:0.04%

ratio to total shareholder's equity:0.11%

operating capital: -125,205,791 thousand

15.Broker and broker's fee: None

16.Concrete purpose or use of the acquisition or disposition: Long term investment

17.Whether the directors expressed any objection to the present transaction: No

18.Whether the trading counterparty is a related party: No

19.Date of approval by board of directors: Na

20.Recognition date by supervisors or approval date by audit committee: Na

21.Whether the CPA issued an opinion on the unreasonableness of the current transaction: None

22.Name of the CPA firm: Diwan & Company

23.Name of the CPA:LU,RUI-WEN

24.License no.of the CPA:Financial-Supervisory-Securities-Corporate-5645

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