Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2018)

FIRST QUARTER 2021 POSITIVE PROFIT ALERT

This announcement is made by AAC Technologies Holdings Inc. (the "Company" together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Based on the preliminary assessment of the unaudited consolidated management accounts for the three months ended 31 March 2021 and the information currently available, the Company's board of directors (the "Board") wishes to inform its shareholders (the "Shareholders") and potential investors that the unaudited consolidated profit attributable to owners of the Company for the three months ended 31 March 2021 ("Q1 2021") is expected to increase to a range of RMB510 million and RMB550 million, representing an increase of approximately 9.6 times to 10.4 times as compared with that for the corresponding period in 2020 ("Q1 2020"), which was mainly due to more normalized market demand in Q1 2021 compared with Q1 2020.

The information contained herein does not constitute a forecast of the forthcoming subsequent quarters nor annual financial performance of the Group for the financial year 2021. The information disclosed related to Q1 2021 in this announcement is only a preliminary assessment made by the Company's management based on the current information available to the Company and has not been reviewed by the Audit and Risk Committee nor audited by the independent auditors of the Company. The Company's unaudited consolidated results for Q1 2021, which are expected to be announced in mid of May 2021, may be different from what are disclosed herein.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

AAC Technologies Holdings Inc.

Mok Joe Kuen Richard

Executive Director

Hong Kong, 12 April 2021

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2018)

The directors of the Company as at the date of this announcement are:

Executive Directors:

Mr. Pan Benjamin Zhengmin

Mr. Mok Joe Kuen Richard

Independent Non-executive Directors:

Mr. Zhang Hongjiang

Mr. Au Siu Cheung Albert

Mr. Peng Zhiyuan

Mr. Kwok Lam Kwong Larry

Non-executive Director:

Ms. Wu Ingrid Chun Yuan

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AAC Technologies Holdings Inc. published this content on 12 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 04:20:02 UTC.