This news release is made by Johnson Electric Holdings Limited ('Johnson Electric' or the 'Company' and together with its subsidiaries, the 'Group') for the business operations and selected unaudited financial information of the Company for the quarter ended 30 June 2020.

The Board of Directors (the 'Board') of the Company considers the publication of quarterly sales performance updates to be consistent with international corporate disclosure best practice. The objective of this news release is to provide transparency and to ensure that investors and potential investors receive equal access to the same information at the same time. The Group's sales for the quarter ended 30 June 2020 were US$517 million compared to US$767 million for the same quarter in 2019, a decrease of 33%. Excluding currency movements, sales decreased by 31% to US$527 million. Sales were significantly reduced in April and May due to the impact of the COVID-19 pandemic, particularly on the automotive components industry in Europe and the Americas. During the month of June, the Group experienced a significant recovery in demand and by the end of the month sales volumes were approaching similar levels to a year earlier. Foreign exchange rate movements had a negative effect of US$10 million on the Group's sales during the quarter. This was mainly due to the impact of the weaker average exchange rates for the Chinese Renminbi and Euro against the US Dollar, comparing the quarter ended 30 June 2020 to the same quarter last year.

About Johnson Electric Group The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals in more than 23 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179).

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