Hon Hai will specialize in auto IC solutions while YAGEO expands its active component footprint with MOSFET Hon Hai Technology Group (TWSE: 2317 TW; “Hon Hai”) and YAGEO Group (TWSE: 2327 TW; “YAGEO”) today jointly announced that XSemi Corporation (“XSemi”), the semiconductor joint venture of the two companies, will transfer its IC (integrated circuit) and SiC (Silicon Carbide) product and module business to Hon Hai’s newly set up IC design subsidiary for an all-cash consideration of NT$204 million. Along with the transaction, the two major shareholders will adjust the shareholding structure of XSemi with YAGEO and Hon Hai holding 55% and 45%, respectively, of XSemi shares. YAGEO’s Chairman Mr. Pierre Chen will be elected as the Chairman of XSemi Corporation. XSemi is a joint venture established in 2021, between the largest EMS in the world Hon Hai and the global leading electronic component solution provider YAGEO. It is an IC design company specializing in analog and power semiconductors, mainly focusing on the design, development, and manufacturing of automotive, communication, and industrial power management and discrete devices and modules. With the resources and support of the two major shareholders, XSemi’s team had successfully completed the setup of the team and the environment for product development. Within 2 years, XSemi start to ship the power management IC and MOSFET products to its computing, consumer, and industrial customers. Moreover, XSemi’s1200V/800A SiC power module was first announced and introduced Hon Hai’s Tech Day in 4Q22. XSemi’s products have successfully entered the design-in phase of the EV supply chain, specifically in powertrain, body control, on board charging, ADAS (advanced driver assistance system), and others. In May 2022, Hon Hai and YAGEO further contributed to XSemi through its new share issuance to participate in domestic MOSFET leader Advanced Power Electronics Co. (TWSE: 8261; APEC)’s private placement, making XSemi APEC’s largest shareholder. Hon Hai Chairman and CEO Young Liu says “After this shift in strategy, Hon Hai and YAGEO will be able to collaborate on small ICs with a clearer direction. Hon Hai will take over XSemi’s R&D efforts in the past two years in the specified areas, incorporating its auto ICs into our EV solutions through its own reference design. It will not only contribute to Hon Hai’s cost effectiveness but more importantly to offer differentiation against its competitors to create values and further satisfy our auto customers.” Hon Hai’s new IC design subsidiary will obtain XSemi’s IC and SiC product team to accommodate Hon Hai’s timeline for delivering its EV products at the end of 2023. After the transfer, this new entity will integrate closely with the related divisions within Hon Hai to co-develop its new EEA (electrical/electronic architecture) solutions. YAGEO Chairman Pierre Chen states “through this new strategic development after the carve-out, we have refined YAGEO and Hon Hai’s strategic focus on semiconductor, which will in turn optimize the resources to push XSemi to a different level. With further focus on MOSFET development, it will also be another important milestone for YAGEO to expand its footprint in active components.” After the transfer of IC and SiC products and modules, YAGEO Chairman Mr. Pierre Chen has now become the Chairman of both XSemi and APEC. This will fortify the strategic partnership between XSemi and APEC, enhancing the product comprehensiveness of both parties in the MOSFET field. With YAGEO’s extensive global sales network, the existing market for the MOSFETs in consumer electronics in Asia Pacific will be able to expand to customers in high-end and premium markets in Europe, US, and Japan.

Munich, Germany, and Taipei, Taiwan – 9 May 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), the global leader in automotive semiconductors, and Hon Hai Technology Group (“Foxconn”) (TWSE:2317), the world’s largest electronics manufacturing services provider, aim to establish a long-term partnership in the field of electric vehicles (EV) to jointly develop advanced electromobility with efficient and intelligent features. The Memorandum of Understanding (MoU) focuses on silicon carbide (SiC) development, leveraging Infineon’s automotive SiC innovations and Foxconn’s know-how in automotive systems. “The automotive industry is evolving. With the rapid growth of the EV market and the associated need for more range and performance, the development of electromobility must continue to advance and innovate,” said Peter Schiefer, President of the Infineon Automotive Division. “Infineon’s commitment and passion for innovation and zero-defect quality has made us the best partner for our customers. We look forward to writing a new chapter in electromobility together with Foxconn.” “We are pleased to be working with Infineon and are confident that this collaboration will result in optimized architecture, product performance, cost competitiveness and high system integration to provide customers with the most competitive automotive solutions,” said Jun Seki, Foxconn’s Chief Strategy Officer for EVs. According to the MoU, the two companies will collaborate on the implementation of SiC technology in automotive high-power applications like traction inverters, onboard chargers, and DC-DC converters. Both parties intend to jointly develop EV solutions with outstanding performance and efficiency based on Infineon’s automotive system understanding, technical support and SiC product offerings combined with Foxconn’s electronics design and manufacturing expertise and the capability of system-level integration. In addition, the two companies plan to establish a system application center in Taiwan to further expand the scope of their cooperation. This center will focus on optimizing vehicle applications, including smart cabin applications, advanced driver assistance systems and autonomous driving applications. It will also address electromobility applications such as battery management systems and traction inverters. The collaboration covers a wide range of Infineon’s automotive products, including sensors, microcontrollers, power semiconductors, high-performance memories for specific applications, human machine interface and security solutions. The system application center is expected to be established within 2023. About Infineon Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). Infineon is at the core of the transformation of the automotive industry towards sustainable mobility. Further information on Infineon’s mobility solutions is available at www.infineon.com/mobility Further information is available at www.infineon.com This press release is available online at www.infineon.com/press Follow us: Twitter - Facebook - LinkedIn   About Hon Hai Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 20 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD220 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 173 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com

Optimizing Micro LED Chip Structures, Using New Thin Film Protection Technology, Achieving a Blue Light Brightness of 200,000 nits. 【2023.04.19 Taipei】 Hon Hai Precision Industry Co., Ltd. (TWSE: 2317), in collaboration with ENNOSTAR and Unikorn Semiconductor Corporation, announced at "Touch Taiwan 2023" the development of a new 0.12-inch micro-display with a pixel density exceeding 6,500 PPI and a blue light brightness of 200,000 nits, using Micro LED technology. The purpose of this collaboration is to improve Micro LED efficiency by optimizing the structure of Micro LED chips and adopting a new thin film protection technology, successfully reducing surface defects, improving external quantum efficiency, and increasing product reliability. Considering the high brightness requirements of AR applications, Unikorn Semiconductor Corporation, which has rich experience in III-V semiconductor manufacturing and advanced process technology, was responsible for optimizing the Micro LED chip efficiency in this joint development to ensure a balance between brightness and chip power consumption during subsequent full-color conversion.  Hon Hai, on the other hand, used its own developed color conversion technology to further achieve full-color display effect at 3,600 PPI. For general high-PPI full-color displays, the small pixel pitch cannot provide enough quantum dot optical density, causing leakage of blue light in high-brightness scenes, resulting in blue halo and color shift among pixels. Hon Hai's Micro LED manufacturing technology, built on a semiconductor process, uses high-efficiency quantum dot color conversion and a self-developed reflective inter-pixel light shield technology to provide sufficient optical density of quantum dots and prevent color shift among pixels, producing high-purity red and green light for full-color display effect. Hon Hai collaborated with ENNOSTAR and Unikorn Semiconductor Corporation for blue Micro LED process development and foundry services, and to enhance the development of high-efficiency blue light pixel process with 4um pitch. The long-term goal is to invest resources in applications with growth potential to achieve differentiation and technological innovation. This product can be widely used in smart glasses, AR/VR devices, and Hon Hai will strive for collaboration and technological innovation to expand business opportunities in the fields of virtual reality, augmented reality, and other metaverse applications.   About Hon Hai  Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317:Taiwan) is the world’s largest electronics manufacturer, having more than 40% market share in EMS. Hon Hai is also the leading technological solution provider and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. Operating in 24 countries and employees 1 million workers, Hon Hai's revenue in 2022 reached a new record high of NT$6.6 trillion (about US$219.5 billion). Hon Hai ranks Top 20 among Fortune Global 500.

Trumbull County, OH (April 4, 2023) – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced the start of production in Ohio of the Monarch MK-V, the first fully electric, driver-optional, smart tractors, in Ohio with the initial five tractors rolling off the production line for delivery to customers. In August 2022, Foxconn signed a contract manufacturing agreement (CMA) with Zimeno Inc. D/B/A Monarch Tractor (“Monarch Tractor”) to build Monarch Tractor’s next-generation agricultural equipment and battery packs at the Foxconn Ohio facility.  “We’re very pleased with the product quality ahead of full-rate production,” said Jerry Hsiao Chief Product Officer of Foxconn Technology Group. “This milestone is achieved thanks to our employees and the strength of our ongoing partnership with Monarch Tractor. Foxconn prides itself on our partnerships, and we believe the shared goal of promoting sustainability and safety in agriculture is one of the many reasons we have found the right partner in Monarch Tractor.” Launched to the public in 2020, Monarch Tractor has transformed the agriculture industry with next generation EV technology and unparalleled automation capabilities to meet farmers’ most pressing needs. The MK-V brings to life Monarch Tractor’s mission to elevate farming practices to enable clean, efficient, and economically viable solutions for today's farmers and the generations of farmers to come. The MK-V, a fully electric, driver-optional, smart tractor combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety, streamline farming operations, and increase their bottom lines. “As a leader in manufacturing some of the world’s most influential electric and autonomous technologies, Foxconn is the ideal partner for us as we look to rapidly expand production of the MK-V,” said Praveen Penmetsa, Co-Founder & CEO, Monarch Tractor. “Today’s farmers need solutions like the MK-V now that will increase farm profitability and sustainability and we’re the first company that is able to fulfill the global demand for these solutions. This is also a massive opportunity to produce large volumes of smart tractors in this class. We are excited to partner with Foxconn as we forever change the future of electrified farming.” Setting a new standard for farm safety – a top priority for Foxconn and Monarch Tractor – the MK-V also includes technology that will help prevent farm-related injuries whether the tractor is being driven or performing driverless tasks. Each MK-V is produced with collision prevention, human detection, and power take-off (PTO) protection. The tractor will stop moving if it detects a human within six feet of the tractor, and the PTO will automatically shut off if the system detects a person within one foot of the PTO. Foxconn start the commercial production of Monarch Tractor’s MK-V Series in the first quarter of this year as scheduled. After the official delivery, the next steps of the partnership include continued tuning of production line(s) and material sourcing in preparation for full-rate production.

Ottawa, ON – Mitacs, a non-profit organization committed to fostering innovation in Canada, and Hon Hai Research Institute, the research arm of the world’s largest electronics manufacturer Hon Hai Technology Group (“Foxconn”), today signed a memorandum of understanding to advance quantum technology in Canada, with the active support of the Canadian Trade Office in Taipei. Through the MOU, the Hon Hai Research Institute will focus on quantum research with Mitacs providing advice on funding and talent development — drawing on its vast network of leading post-secondary research institutions in Canada. This agreement is the first step in Foxconn’s ambitious plan to expand its R&D and innovation capability in Canada. In addition to quantum research, Foxconn is seeking to develop new research and design facilities in Canada — creating jobs and driving economic growth across the country. “Through this new partnership, we hope to connect the institute with Canadian professionals and experts with the goal of jointly investing in cutting-edge technology research, beginning in the field of quantum technologies,” said Hon Hai Research Institute’s CEO Wei-Bin Lee. “Through Mitacs, we hope to fund quantum computation research projects in Canada and hire five to ten research interns in the first year.” “This MOU demonstrates Canada’s commitment to strengthening our trade and investment relations with partners in the Indo-Pacific region, including Taiwan. Our government will continue to promote Canada as a world-leading investment destination and create new opportunities for cutting-edge technological research — creating good paying jobs and growing our economy along the way,” said the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business, and Economic Development, Government of Canada. “Ontario and Canada are home to some of the world’s most qualified research and postsecondary talent,” said Jill Dunlop, Ontario Minister of Colleges and Universities. “Through this partnership, Mitacs’s programs and networks will support the Hon Hai Research Institute’s talent pipeline, providing incredible opportunities for Ontario students to gain the skills they need to secure in-demand jobs after graduation.” “The more successful Canada is at building its international networks of research, the greater the potential to maximize our innovation economy,” added John Hepburn, CEO of Mitacs. “Through today’s agreement, Mitacs will help build a pipeline of talent to advance crucial quantum research, in partnership with one of the world’s leading electronics companies.” International partnerships that bring together post-secondary research talent and industry from around the world are essential to fostering innovation in the sectors that power the global economy and to ensuring Canada maintains a competitive advantage in the years to come. Foxconn is also planning to launch a Canadian Software Research & Development Center (SRDC). At the outset, the SRDC will focus on software development, specifically in the areas of electric vehicle experience, human-machine interface design, and usability engineering, as well as other design projects in response to internal or client demand. The SRDC will hire 100 designers and engineers in the first phase. ABOUT MITACS Mitacs empowers Canadian innovation through effective partnerships that deliver solutions to our most pressing problems. For over 20 years, Mitacs has assisted organizations in reaching their goals, has funded cutting-edge innovation, and has created job opportunities for students and postdocs. We are committed to driving economic growth and productivity and to creating meaningful change to improve quality of life for all Canadians. ABOUT HON HAI RESEARCH INSTITUTE The establishment of the Hon Hai Research Institute is an important step in the Group’s development strategy as it moves one step closer to its “Foxconn 3.0” transformation. The institute has five research centers. Each center has an average of 40 high technology R&D professionals, all of whom are focused on the research and development of new technologies, the strengthening of Foxconn’s technology and product innovation pipeline, efforts to support the Group’s transformation from “brawn” to “brains,” and the enhancement of the competitiveness of Foxconn’s “3+3” strategy. ABOUT HON HAI Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com.

Dr Chiang Shang-yi appointed to newly created role 22 November 2022, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) has named respected Taiwanese semiconductor veteran Dr Chiang Shang-yi to be the Group’s Semiconductor Strategy Officer. In this newly created role, Dr Chiang’s rich experience in the semiconductor industry will provide Hon Hai invaluable support for the Group’s global semiconductor deployment strategy and technical guidance. “The Group will certainly benefit from Dr Chiang’s outstanding contributions,” said Hon Hai Chairman and CEO Young Liu. “We are grateful to have such a seasoned semiconductor veteran join us at this important juncture in the Group’s development.” Dr Chiang will be directly responsible to Chairman Liu; the appointment is effective immediately. Since he first returned to Taiwan in 1997, Dr Chiang has been one of the most important champions of Taiwan’s semiconductor technology development from micron generation to the nanometer generation. In the early 2000s, the technical team Dr Chiang led laid the foundation for Taiwan’s leadership in the technology industry and he is hailed as key figure in Taiwan’s ability to maintain its semiconductor competitive advantage. After graduating from the Electrical Engineering Department at National Taiwan University, Dr Chiang pursued further education in the United States. He received his master's degree in Electrical Engineering from Princeton University in 1970 and his PhD from Stanford University in 1974.   About Hon Hai Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com.

DENPASAR, 14 November 2022 – As part of its commitment to support Indonesian Government's program in the development of the electric vehicle ecosystem and efforts to reduce Indonesia's emissions, PT Indika Energy Tbk (Indika Energy) and Hon Hai Technology Group (Foxconn), through each of their subsidiary, established a joint venture company, PT Foxconn Indika Motor (FIM), and agreed to donate 5 electric buses (eBus) to support the series of G20 and B20 event in Indonesia through the Ministry of Investment/Investment Coordinating Board (BKPM). FIM, which was established to expand net-zero emissions commitment especially in the electric vehicle sector, is a joint-venture company between PT Mitra Motor Group (MMG), a subsidiary of Indika Energy and Foxteq Singapore Pte. Ltd., a subsidiary of Foxconn. FIM aims to conduct manufacturing business for commercial electric vehicles and electric batteries, as well as providing management consultation service. Arsjad Rasjid, President Director of Indika Energy said, “We see a great potential in the development of electric vehicles in Indonesia for emissions reduction. Indika Energy and Foxconn are delighted to support Indonesia’s prestigious B20 and G20 as well to promote green mobility in Indonesia. This is the beginning of a comprehensive electric vehicle ecosystem in Indonesia for a more sustainable future.” "This event today celebrates Foxconn’s friendship with our partner Indika Energy and the Indonesian government. It shows our commitment to support the goals to become cleaner, greener and smarter for a Golden Indonesia 2045," said Foxconn Chairman and CEO Young Liu. "Not one of us, has time to waste on our journey, together, to reduce emissions and increase electrification." Minister of Investment/ Chairman of Indonesia Investment Coordinating Board (BKPM), Bahlil Lahadalia in his speech appreciated Foxconn and Indika Energy's commitment to invest in the battery, electric vehicle and supporting industries in Indonesia. Through this momentum, Bahlil hopes that Indonesia can become a world-class electric vehicle producer. This collaboration is also an example of collaboration between global players and local players to transfer technology and increase Indonesia's competitiveness. “In order for investment projects to be successful, investors must respect local entrepreneurs so that the economic impact and value they provide can be felt immediately. We are ready to fully support the realization of Foxconn's investment aligned with the government vision in the green transition," said Bahlil. The electric bus has dimensions of 2,500mm width, 3,279 mm height and 11,940mm length, uses battery lithium iron phosphate type with capacity 299.5 kwh and has total capacity of 45 people. During the G20 and B20 meetings, the eBus will transfer VIPs from deplaning on the tarmac to the arrival hall in the Ngurah Rai International Airport. These electric buses also serve as VIP shuttle buses. Operating hours are from 6:00 am to 8:00 pm daily. The customized MODEL T appearance, with the silhouette of the gunungan and the kawung batik motif, aligns with the G20 theme of recovery. ABOUT INDIKA ENERGY PT Indika Energy Tbk. (Indika Energy) is Indonesia’s leading diversified investment company with key focus on developing new sustainable businesses through its strategic investments in the areas of Energy - coal production (PT Kideco Jaya Agung, PT Multitambangjaya Utama), coal trading (Indika Capital Investment Pte. Ltd.), EPC oil & gas (PT Tripatra Multi Energi, PT Tripatra Engineers & Constructors, PT Tripatra Engineering); Logistics and Infrastructure - marine transportation, ports & logistics for bulk goods and natural resources (PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia), fuel storage (PT Kariangau Gapura Terminal Energi), coal-fired power plant (PT Cirebon Electric Power and PT Prasarana Energi Cirebon); Minerals - gold production (Nusantara Resources Limited); Digital Ventures - IT enterprise (PT Xapiens Teknologi Indonesia); Green Businesses - nature based solution (PT Indika Multi Properti), renewable energy (PT Empat Mitra Indika Tenaga Surya), electric vehicle (PT Ilectra Motor Group, PT Mitra Motor Group). www.indikaenergy.co.id   ABOUT FOXCONN Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com.

〔November 12th, 2022, Thailand〕HORIZON PLUS today held the stone-laying and groundbreaking ceremony for the EV manufacturing facility at the Rojana Nhongyai Industrial Park, Chonburi Province with Professor Dr. Thosaporn Sirisumphand – chairman of PTT and ARUN PLUS Board of Directors, Mr. Narit Therdsteerasukdi – secretary general of the Thailand Board of Investment (BOI), Mr. Piriya Khempon – special advisor of the eastern economic corridor office, Dr. Suo-Hang Chuang –representative of the Taipei economic and cultural office, Mr. Auttapol Rerkpiboon – president and CEO of PTT, Dr. Buranin Rattanasombat – chief new business and infrastructure officer of PTT and chairman of HORIZON PLUS board of directors, Mr. Mark Chien – general manager of FOXCONN D Business Group, and Mr. Kay Chiu – HORIZON PLUS CEO as the guests. Professor Dr. Thosaporn revealed that “Today’s stone-laying ceremony marks another important step of collaboration between FOXCONN and PTT on our journey towards electrification of the regional automotive industry. As the world moves toward low-carbon society, transition to the greener transportation alternatives such as EV will play significant role in shaping future energy sustainability. This aligns with PTT commitment to create national energy security for the country. This collaboration also open up investment opportunities beyond production to include both upstream and downstream for the Thai automotive supply chain to better serve EV end consumers. Mr. Auttapol Rerkpiboon – president and CEO of PTT mentioned that “The collaboration not only focuses on the investment of the EV production, but also on the research and development in Thailand. This includes knowledge transfer and trainings for local workforce. HORIZON PLUS stone-laying and groundbreaking ceremony emphasizes PTT Group commitment under the new vision: powering life with future energy and beyond. EV manufacturing facility will open business opportunities for our group to further strengthen the local EV supply chain and drive electrification of the ASEAN auto-industry.” Dr. Buranin Rattanasombat – chief new business and infrastructure officer of PTT and chairman of HORIZON PLUS board of directors revealed that “HORIZON PLUS will operates based on the BOL philosophy which stands for Build-Operate-Localize to enhance the competitiveness of local automotive industry and supply chain in the long run. HORIZON PLUS will invest around 37,000 million THB (around 1 billion USD) for this EV facility with target to complete construction and ready for vehicle delivery by 2024. The initial capacity will be 50,000 EV per year and gradually ramp up to 150,000 EV per year by 2030 to support the growing demand of ASEAN EV market” Mr. Kay Chiu – HORIZON PLUS CEO shared “the Business model of HORIZON PLUS is Contract Design and Manufacturing Service (CDMS) which is open to any automakers whose strategy is to have their vehicle produced in Thailand both for domestic and export market. This open and sharing manufacturing concept aligns with FOXCONN's ambition in shaping the global EV industry based on MIH open platform.” Horizon Plus Company Limited (HORIZON PLUS) is the joint venture between Arun Plus Company Limited (ARUN PLUS) – the EV flagship of PTT Public Company Limited (PTT), the Thai national energy conglomerate – and Hon Hai Precision Industry Co., Ltd (FOXCONN) – the global leader in the manufacturing of electronic products. HORIZON PLUS will operate the comprehensive Electric Vehicle (EV) manufacturing facility including production of EV key components. The facility will be located on the majestic land plot of over 500,000 square meters in the eastern part of Thailand. This collaboration between FOXCONN and PTT aims to support the transition of the Thai automotive industry from traditional Internal Combustion Engine (ICE) to EV. Automotive is one of the crucial sectors of the Thai economy – contributing around 6% of the country GDP and employs over 750,000 workers. HORIZON PLUS ambitious move to EV manufacturing will not only create jobs and re-skill the workforce, but also sustain Thailand’s position as the Detroit of Asia. About PTT Public Company Limited Established in 1978, PTT Public Company Limited is a Thailand-based state-owned listed company engaged in the energy businesses. PTT is today, Thailand’s largest business group with a market cap of USD 36 billion. The Company supplies, transports and distributes natural gas vehicle (NGV), petroleum products and lubricating oil via service stations throughout Thailand and also exports to overseas markets. Through its subsidiaries and affiliated companies, the Company is involved in exploration, production, refinery, marketing and distribution of petroleum, petrochemical products and aromatics. In its drive into innovative, future-proof and sustainable industries, PTT is committed to spearheading the development of EV ecosystem in Thailand and moving towards low carbon society. Hon Hai Precision Industry Co., Ltd. (FOXCONN) Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com. Horizon Plus Company Limited (HORIZON PLUS) HORIZON PLUS is the joint venture between Hon Hai Technology Group(Foxconn) and PTT Group to invest and operate EV manufacturing facility in Thailand based on the Contract-Design Manufacturing Service (CDMS) model, aims to support the transition of the Thai automotive industry from traditional Internal Combustion Engine (ICE) to EV.

MIH unveils Project X: an A-Segment Electric Vehicle Platform with Modular Design Approach   Enabling mobility service providers, fleet operators, and mobility brands to customize vehicles based on their needs  TAIPEI－The Foxconn-initiated MIH Consortium announced Project X, an open and agnostic EV Platform for the innovators, by the innovators. MIH is lowering the entry barrier for companies entering the electric vehicle market to customize vehicles based on their needs. To make it easier for partners and potential customers to understand the open and agnostic nature of MIH and to realize technologies developed by the MIH Working Groups, MIH released the Project X timeline and exterior design for the first time and this A-segment three-seater demo car is expected to be presented by the end of 2023. MIH is enabling innovators to create the future of mobility for the next generation by building an open EV ecosystem with the BYOV (Build Your Own Vehicle) model. With modular design approach and standardized interfaces, innovative products can be introduced in less time and cost, fulfilling the needs of different audiences and enabling new business models for car sharing companies, mobility service providers, fleet operators, logistics service providers, and new EV brands. “MIH is writing the next chapter of the future of mobility. Project X is a demonstration of a new EV platform for the ecosystem. We’re not only making cars but also enabling the creation of more lifestyles,” said Jack Cheng, CEO of MIH Consortium. “Thinking beyond the vehicles of today and by adopting the latest technologies such as artificial intelligence, autonomous driving, and Web3, this vehicle platform can create shared mobility, digital health care in a post-pandemic society, entertainment, and other future applications unimaginable today. Project X’s goal is to develop the world’s most iconic open EV platform for the innovators, by the innovators.” MIH is inviting its MIH members to participate and co-create this platform in the early stage of vehicle development and is implementing technologies the MIH Working Groups develop, including powertrain, battery systems combined with fixed charging and battery swapping technology, zonal electrical and electronic architecture (EEA) and decentralized identifier (DID) for enhanced privacy. The A-segment vehicle platform is just the beginning, MIH will release six-seater and nine-seater vehicle platforms in the coming years to provide more vehicle segment choices to enable more innovation. MIH Consortium has more than 2,500 members and held its annual event MIH Demo Day on November 8th with over 2,000 attendees joining in-person and online, and 100 partners attended the event, including Hon Hai Technology Group, emerging luxury EV brand Karma Automotive, TomTom, National Instruments (NI), NXP, Trend Micro automotive security company VicOne, Salesforce, and more.

Ceer is a joint venture between PIF and Foxconn Ceer will license component technology from BMW Ceer will design, manufacture and sell a portfolio of electric vehicles that will lead in the areas of infotainment, connectivity and autonomous driving technologies Ceer will attract over US$150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs; the company is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034 The establishment of the company is in line with PIF’s strategy to focus on unlocking the capabilities of promising sectors, including the automotive sector, in Saudi Arabia   RIYADH, 3 November 2022– His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister, Chairman of the Public Investment Fund (PIF) announced today the launch of Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The launch comes in line with PIF’s strategy to focus on unlocking the capabilities of promising sectors locally that can help drive the diversification of the economy, to help achieve the objectives of Vision 2030. In addition, the company will contribute to Saudi Arabia’s efforts towards carbon emissions reduction and driving sustainability to address the impact of climate change. His Royal Highness Crown Prince Mohammed bin Salman said: “Saudi Arabia is not just building a new automotive brand, we are igniting a new industry and an ecosystem that attracts international and local investments, creates job opportunities for local talent, enables the private sector, and contributes to increasing Saudi Arabia’s GDP over the next decade, as part of PIF’s strategy to drive the economic growth in line with Vision 2030.” Ceer is the first Saudi automotive brand to produce electric vehicles in Saudi Arabia, and will design, manufacture and sell a range of vehicles for consumers in Saudi Arabia and the MENA region, including sedans and sports utility vehicles. A part of PIF’s strategy to diversify Saudi Arabia’s GDP growth by investing in promising growth industries, Ceer will attract over US$150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs. Ceer is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034. The company, which is a joint venture between PIF and Hon Hai Precision Industry Co. (“Foxconn”), will license component technology from BMW for use in the vehicle development process. Foxconn will develop the electrical architecture of the vehicles, resulting in a portfolio of products that will lead in the areas of infotainment, connectivity and autonomous driving technologies. Each vehicle will be designed and manufactured in Saudi Arabia, and tested to the highest global automotive quality control and safety standards. Ceer vehicles are scheduled to be available in 2025. Chairman of Hon Hai Technology Group, Young Liu, said: “Foxconn is excited about our partnership with PIF to create a new automotive company that will focus on designing and manufacturing electric vehicles in and for Saudi Arabia. We will leverage Foxconn’s technological expertise to support Ceer’s vision of creating a range of iconic electric vehicles that are built around the themes of connectivity, infotainment and autonomy. We want to make electric vehicles mainstream, and that is what Ceer is going to achieve in Saudi Arabia and the wider region.”