On 30 October 2023, Hisense Home Appliances Group Co., Ltd. (Company) and Johnson Hitachi entered into the second business co-operation agreement (the "Second Business Co-operation Agreement") in relation to the supply of moulds (the "Additional Transaction"). Unless otherwise indicated, capitalised terms herein shall have the same meaning as defined in the Announcement. Term: The Second Business Co-operation Agreement shall commence from the date of signing of the Second Business Co-operation Agreement until 31 December 2023.

It can be terminated before its expiration by mutual agreement of the parties. Subject matters: The Additional Transaction will be conducted in the ordinary and usual course of business of the parties, on normal commercial terms and on terms not less favourable to the parties than terms available to or from (as appropriate) Independent Third Parties. The Second Business Co-operation Agreement does not restrict the rights of the parties (as the case may be) to sell or purchase products or services contemplated under the Second Business Co-operation Agreement from any other purchasers or suppliers (as the case may be).

The Second Business Co-operation Agreement is a framework agreement between the parties on the maximum transaction amount in relation to the Additional Transaction. The parties will enter into specific contracts for the Additional Transaction, based on the results of the negotiation of the parties. The contents of the specific contracts shall be in line with the principles on transaction amount and the agreed terms as stated in the Second Business Co-operation Agreement.

The specific contracts shall at least contain the following terms: models and quantities of the relevant products (services) for the supply of moulds, pricing principles, quality standards and assurances, settlement methods, delivery methods, technical services and obligations in the event of default, etc. The Additional Transaction: The Group has agreed to supply moulds to Johnson Hitachi Group during the term of the Second Business Co-operation Agreement. Pricing: Pricing for the supply of moulds is determined by commercial negotiation between the parties according to the principles of fairness and reasonableness with reference to the market prices of similar transactions from at least three Independent Third Parties.