Foxconn to sign a agreement with Zhejiang Geely

Subject:Foxconn to sign a strategic cooperation agreement with Zhejiang Geely Holding Group.

Date of events:2021/01/13

Contents:

1.Date of occurrence of the event:2021/01/13

2.Company name:FuTaiHua Industrial (ShenZhen) Limited

3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):subsidiaries

4.Reciprocal shareholding percentage:100%

5.Name of the reporting media:The company's press information

6.Content of the report:

Foxconn and Geely Holding Group Form Joint Venture Providing OEM and Customized Consulting Services to Global Automakers

Hon Hai Technology Group (Foxconn) and Zhejiang Geely Holding Group signed a strategic cooperative agreement and will establish a joint venture company to provide OEM and customized consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms to global automotive enterprises and ridesharing companies. The new joint venture will revolutionize the automotive industry model by introducing the Information and Communication Technology (ICT) division of labor to help automakers accelerate their transition to new innovative and efficient manufacturing processes and business models based on CASE (Connected, Autonomous, Shared, and Electrified) technologies.

Each party to hold equal 50% stake in new joint venture. The board of directors will consist of five members with Foxconn appointing three including the Chairman and Geely Holding appointing two.