Sandhar Technologies Limited — Capital/Financing Update 2019

Jul 29, 2019

ARVIND Digitally signed by ARVIND JOSHI JOSHI Date: 2019.07.29 13:03:22 +05'30'

27-7-19

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Gurugram, Haryana, India

SANDHAR TECHNOLOGIES LTD. ENTERS INTO A 50-50 JOINT VENTURE WITH HANSHIN CORPORATION.

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( Seen in this picture from left to right: Mr. Minjong Lee CEO Hanshin Corporation; Mr. S. H. Jeong President Winnercom co., Ltd and Mr. Jayant Davar Co-Chairman and MD Sandhar Technologies Ltd.)

On 24[th] July, 2019, in Republic of Korea, Sandhar Technologies Ltd., a diversified auto component manufacturing company, with multiple technology platforms and product lines, signed a Joint Venture agreement with Hanshin Corporation (Republic of Korea) in the presence of several of our joint venture Partners.

Sandhar Technologies Limited

Head office: 13, Sector 44, Gurugram- 122002, Haryana, India. Ph: +91-124-4518900 Registered office: B-6/20, L.S.C. Safdarjung Enclave, New Delhi- 110029

Email: enquiries@sandhar.in; Website- www.sandhargroup.com; CIN L74999DL1987PLC029553

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(Seen in this picture from left to right: Mr. S.C Lee, Director Daeshin Machinery Ind. Co., Ltd; Mr. D.O. You, Chairman Daewha Fuel Pump Ind. Ltd.; Mr. Y. K Cho, President Hansung I.M.P. Co., Ltd.; Mr. M.J. Lee, Representative Director Hanshin Corporation; Mr. Jayant Davar CoChairman and MD Sandhar Technologies Ltd.; Mr. M.S Sung, President Kwangsung Corporation Ltd.; Mr. Arvind Joshi Whole Time Director, CFO and company secretary Sandhar Technologies Ltd.; Mr. Niraj Hans COO Sandhar Automotives, Mr. J.H Lee Advisor Sandhar Technologies ltd. And Mr. K.Y Lee, Director Hanshin Corporation)

The joint venture is being established for manufacturing and selling, futuristic high end data cables for the automotive industry in India which would include Radio Cable, AV/NAVI Cable, GPS/DMB Cable, USB Cable, AVM Cable and others for the four-wheeler segment.

This joint venture is yet another step towards expanding Sandhar’s presence into the lucrative connected car devices market through the ever expanding automotive wiring harness market which is estimated to be around USD 80 billion in 2019 and projected to reach USD 120 billion by 2025 including the wires, connectors and terminals and would be a key component of the futuristic Electric Vehicle communication controllers. The market for such components are driven by rising trend of integration of advanced features for increasing driving experience and growing demand for electric vehicles. The JV company will have its production unit in Bengaluru and is expected to commence commercial production and supplies by 4[th] quarter of FY 19-20.

Sandhar Technologies Limited

Head office: 13, Sector 44, Gurugram- 122002, Haryana, India. Ph: +91-124-4518900 Registered office: B-6/20, L.S.C. Safdarjung Enclave, New Delhi- 110029

Email: enquiries@sandhar.in; Website- www.sandhargroup.com; CIN L74999DL1987PLC029553

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Founded in 1985, the Sandhar Group is a fast growing auto component major with approximately 9000 employees, 40 manufacturing plants and subsidiaries in Spain, Mexico and Poland.

Hanshin Corporation headquartered in HWASEONG/KOREA was established in 1990 and started production of Antennae pole for Daewoo in 1991. It is a renowned player in the field of High End Data Cables and Around View Monitoring Harnesses for automobiles. Apart from two factories in Korea it has a subsidary in China, and now with this JV will have its presence in India. Some of the end users and customers that Hanshin caters to include Chevrolet, Hyundai, Kia, Leoni, Delphi, Winnercom among others.

In case you need more information please feel free to contact: Sandeep Jain Direct line: 0124-4518904 Mobile: 8373937566 Email: sandeep.jain@sandhar.in

Sandhar Technologies Limited

Head office: 13, Sector 44, Gurugram- 122002, Haryana, India. Ph: +91-124-4518900 Registered office: B-6/20, L.S.C. Safdarjung Enclave, New Delhi- 110029

Email: enquiries@sandhar.in; Website- www.sandhargroup.com; CIN L74999DL1987PLC029553