Subject:Subsidiary HongFuJin Precision Electronics (ZhengZhou) Co., LTD. disposal of road land

Date of events:2020/11/27

Contents:

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

Located in 『 Zhengzhou Xinzheng comprehensive bonded zone 』 ,Kang Yi Road ﹑ Kang Er Road ﹑ Kang San Road ﹑ Fu Yi Streed ﹑ Fu Er Streed ﹑ Fu San Streed ﹑ Fu Wu Streed ﹑ Fu Liu Streed ﹑ Fu Qi Streed ﹑ underpass and Supporting facilities.

2.Date of occurrence of the event:2020/11/27

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction volume:461,076.75 square meters, equivalent to 139,475.72 ping

Unit price:RMB 241.97/ ping

Total transaction price: RMB 111,565,400

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):

Zhengzhou Xinzheng Comprehensive Bonded Zone Renhong Investment Management Co., Ltd.; None

5.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):RMB 46,830,000

6.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:

Price comparison and negotiation: appraisal value

Decision-making unit: Board of Directors

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

Shanghai Shenwei Appraisal Co., Ltd.; RMB 111,565,400

8.Name of the professional appraiser:

Zhou Wuxin

Jia Huilin

9.Practice certificate number of the professional appraiser:

Zhou Wuxin:41000429

Jia Huilin:41090053

10.Concrete purpose or use of the acquisition or disposal:

Cooperate with government policy planning