DIXON TECHNOLOGIES (INDIA) LIMITED : CLARIFIES JV NEWS

• Dixon Technologies has entered into a term sheet with vivo Mobile India Private Limited for a joint venture to undertake OEM business of electronic devices, including smartphones. • The company clarified that statutory approvals are awaited and there is no material development requiring disclosure. • Dixon will hold 51% and vivo India 49% stake in the JV. • The JV will undertake part of vivo's OEM orders for smartphones in India and can engage in OEM business for other brands. • The company stated the Media/Publication has no additional impact and has no involvement in the article's publication. Impact: Neutral (Clarification on news item regarding proposed JV; statutory approvals are awaited)

Dixon Technologies (India) Limited

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