Dixon Technologies to Acquire 51% Stake in Kunshan Q Tech Microelectronics for Camera and Fingerprint Modules Manufacturing

Dixon Technologies (India) Limited has entered into a binding term sheet with Kunshan Q Tech Microelectronics (India) Private Limited and its shareholders for the proposed acquisition of an aggregate of 51% shareholding. The acquisition aims to enhance Dixon's capabilities in manufacturing, sale and distribution of camera and fingerprint modules for mobile handsets, internet of things (loT) systems and automotive applications. The proposed transaction will be consummated through a combination of primary and secondary investment by Dixon, and is subject to signing of definitive agreements, receipt of applicable statutory and regulatory approvals, and completion of customary conditions precedent.