E-mercer China: Decisions made by the headquarters in the Netherlands do not have legal force within China.

According to the WeChat public account of "ON Semiconductor China Limited" on October 23rd, ON Semiconductor (China) Limited hereby issues the following official statement regarding the recent unilateral dismissal of Mr. Zhang Qiuming from the position of Vice President of Sales and Marketing by the Netherlands headquarters: 1. The decision made by the Netherlands headquarters does not have legal effect within China; 2. Mr. Zhang Qiuming's position remains unchanged; 3. Actions within Mr. Zhang Qiuming's authority represent ON Semiconductor China; 4. All business operations of ON Semiconductor China are running normally. Currently, all business activities, production operations, and external collaborations of ON Semiconductor China are being carried out orderly and normally within the framework of legal and management systems, unaffected by any external unilateral decisions. We are fully capable of ensuring the continuity and stability of our business. The statement points out that we firmly believe that the current dispute stems from malicious individuals from foreign governments and the Dutch ON Semiconductor who have disregarded the spirit of contracts and Chinese laws to disrupt the normal operation of the company, neglecting the interests of the company, shareholders' rights, and customer interests. The changing external environment will not shake the legal and compliant foundation of ON Semiconductor China, nor will it affect the stable, mutual trust, and win-win cooperation relationships we have established with our partners and clients. The management team of ON Semiconductor China has the determination and capability to continue providing excellent products and quality services. The statement emphasizes that ON Semiconductor China reserves all rights to pursue legal responsibility for any unauthorized attempts to interfere with our normal operations and disrupt the business cooperation environment.