Dongshan Precision Acquisition Of PCB Manufacturing Assets, Equity Completion Procedures Have Been Completed

- Aug 17, 2018-

On March 26, 2018, Suzhou Dongshan Precision Manufacturing Co.,Ltd.(hereinafter referred to as "the company"), wholly owned subsidiary multi-fineline Electronix, Inc. (hereinafter referred to as "the company") and nasdaq-listed Flex Ltd.(hereinafter referred to as "Flex") signed the share purchase agreement, in which the company intends to acquire Flex's PCB Manufacturing business related subjects, collectively known as Multek, in cash.

On July 26, 2018, the two parties of the transaction completed the settlement procedure of this acquisition in accordance with the agreement on share purchase, given that the settlement conditions have been met.On delivery day, FLEX direct shareholding Multek within the territory of the main body, including super yi technology (zhuhai) co., LTD., zhuhai doumen yi electronics co., LTD., zhuhai doumen yi industrial co., LTD and DE li technology (zhuhai) co., LTD., modify the relevant shareholders in the company's articles of association and the register of shareholders and their capital contribution, and the shareholding modification such as industrial and commercial registration of change matters to the zhuhai municipal administration for industry and commerce to submit the application materials.

Recently, the super yi technology (zhuhai) co., LTD., zhuhai doumen yi electronics co., LTD., zhuhai doumen yi industrial co., LTD and DE li science and technology (zhuhai) co., LTD., industrial and commercial registration of change has been completed, and obtain the business license issued by the administration for industry and commerce, zhuhai equity delivery related follow-up procedure has been completed.