Customer Payment Policy Change

Dear Customers,

Thank you very much for your long term support and trust in our company.

The current economic situation and worldwide quantitative easing monetary policy have caused USD to CNY exchange rate to fall by 13% in the past year, EUR to CNY to fall 9%, and GBP to CNY dropped 8%. It seems this downward trend continues every day. Therefore, we must receive payments faster to reduce exchange losses.

As a result, we have to modify customer payment policy.

For new customers and customers who pay less than 5 times within a year, we require 100% order payment receivedbefore shipment.

For customers who dealt with us more than one year and paid more than 4 times within a year, we require at least 80% order payment received before shipment.

Please note that this policy is based on the arrival of payment to our designated bank account. The effective date of this policy is November 12, 2021.

In addition, we will have to charge additional exchange decline due to payment delays.

If the customer has technical problems to make a payment or there is a public holiday, please contact us separately. We will find a solution through negotiation.

Through past cooperation, customer fully realize that we are worthy of trust, our after sale service, our return and refund policy. We always rely on our reputation and customer trust as the basis of the company’s development.

We sincerely hope that COVID-19 pandemic and global chip shortage will end soon. The sky is as beautiful and gorgeous as this morning.

Valued Components Limited

Nov 12, 2021