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 Group for the nine months ended 31 December 2023.

The Group's sales for the nine months ended 31 December 2023 were US$2,871 million compared to US$2,674 million for the same period in financial year 22/23, an increase of 7%. Net foreign exchange rate movements relative to the US Dollar had a negligible impact on the Group's sales during the period as the effect of the strengthening of the Euro was offset by the weakening of the Renminbi and the Canadian Dollar.

Sales of Automotive Products Group ('APG')

APG's sales for the nine months ended 31 December 2023 were US$2,422 million, an increase of US$292 million or 14% compared to the same period in financial year 22/23. This compares favourably to an estimated 10% increase in global light vehicle production volumes over the same period.

APG's strong sales performance reflects the growth in its end-markets, as well as the division's focus on creating and delivering technology solutions that are enabling the automotive industry's shift to batteryelectric and hybrid vehicles, reducing weight, lowering emissions, and improving passenger safety and comfort. Sales increased across most of APG's product segments, with the most significant growth experienced in thermal management, powder metal parts, engine and transmission oil pumps, braking, closure, vision, and engine and fuel management.

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 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179).

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group's unaudited internal records and management accounts. This information has not been reviewed or audited by the Company's auditors.

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.

Contact:

Tel: 852) 2522-3822

Email: georgeana.fung@etymon.com.hk

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