Entered into a binding Term Sheet with Kunshan Q - Tech Microelectronics (India) Private Limited Dixon Technologies (India) Ltd

Code BSE: 540699 NSE:

Dixon Technologies (India) Limited (“DTIL”) has entered into a binding Term Sheet with Kunshan Q Tech Microelectronics (India) Private Limited (“Target Company”) and its shareholders for proposed acquisition of an aggregate of 51% shareholding in the Target Company. The Purchase Consideration and the Subscription Consideration are collectively referred to as the " Investment Amount”. Further, the purchase of the Sale Shares and the subscription of the subscription Shares shall be subject to satisfactory completion of conditions precedent as set out in the SSPA, including receipt of applicable statutory and regulatory approvals (if any)