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 three months and the nine months ended 31 December 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 31 December 2020 were US$912 million compared to US$773 million for the same quarter in 2019, an increase of 18%. Excluding currency movements, sales increased by 15% to US$887 million. Foreign exchange rate movements had a positive effect of US$25 million on the Group's sales for the quarter ended 31 December 2020. This was mainly due to the impact of the stronger average exchange rates for the Euro and Chinese Renminbi against the US Dollar, compared to the same quarter in 2019. The recovery in sales experienced in the second quarter gathered momentum in the third quarter, partially mitigating the deep pandemic-driven decline experienced in the first quarter of the financial year. Overall, the Group recorded sales of US$2,242 million for the nine months ended 31 December 2020, compared to US$2,338 million for the same period in 2019, a decrease of 4%. Excluding currency movements, sales for the nine months ended 31 December 2020 decreased by 5%.

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.

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 35,000 individuals in 23 countries worldwide.

Contact:

Tel: (852) 2522-3822

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