Investment Overview - Hongfa Technology Co., Ltd. (the "Company") announced that its subsidiary, Xiamen Hongfa Electronics Co., Ltd. ("Hongfa"), signed a joint venture agreement with VinFast Trading and Production Joint Stock Company ("VinFast") on January 23, 2026 [1][2] - The joint venture will establish Hongfa VinFast Electronics Co., Ltd. ("HFVF") in Vietnam with a total investment of 1,350 billion VND, where Hongfa contributes 1,080 billion VND (80%) and VinFast contributes 270 billion VND (20%) [2][4] Joint Venture Details - The joint venture will be located in Hai Phong City, Vietnam, and will focus on manufacturing and selling vehicle control modules and other electronic/electrical equipment [3][10] - The registered capital of the joint venture is 135 billion VND, with Hongfa's cash contribution being 108 billion VND and VinFast's cash contribution being 27 billion VND [11][12] Organizational Structure - The joint venture will have a member council, a legal representative (general manager), and other key personnel appointed by the member council [5][12] - Each member is responsible for the joint venture's debts and obligations only up to their respective contributions [9] Agreement Provisions - The agreement is governed by Vietnamese law, and any disputes will be resolved through arbitration at the Singapore International Arbitration Centre (SIAC) [15]