SK hynix Statement on China Operations：
We would like to clarify our position with regard to the operation of our fabs in China as below.
- During the 3Q22 earnings conference call this morning, one of our executives made general statements that we could consider a contingency plan in the future *IF* various business circumstances, such as geopolitical issues arise, which make it difficult for us to operate our Chinese fabs.
- Particularly, comments on the possible transfer of the Chinese facilities are based on extreme cases with low possibilities. We want to make it clear that we haven’t reviewed such options in detail and seriously.
- We are currently operating in China fabs without issue as we were given by the Department of Commerce a one-year authorization on the US export controls on chip-manufacturing equipment and we expect to continue the normal operations of our fab in China.