Company Announcements

Subsidiary obtaining FuJin (ShenZhen) shares

Source: RNS
RNS Number : 8269F
Hon Hai Precision Industry Co Ld
20 July 2021
 

Subject:Subsidiary Foxconn Precision Components (ShenZhen) Co., Ltd. obtaining FuJin Precision Industrial (ShenZhen) Co., Ltd. shares

Contents:

1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):FuJin Precision Industrial (ShenZhen) Co., Ltd. shares

2.Date of occurrence of the event:2021/07/20

3.Amount, unit price, and total monetary amount of the transaction:

Debt-equity swap RMB190,000,000

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):FuJin Precision Industrial (ShenZhen) Co., Ltd.; affiliate company

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:Debt-equity swap;Na

6.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:None

7.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:

Board of Directors

8.Net worth per share of the Company's underlying securities acquired or disposed of:Na

9.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:

FuJin Precision Industrial (ShenZhen) Co., Ltd.

Cumulative monetary amount held:RMB190,000,000

Shareholding percentage:35.82%

Restriction of rights:None

 

Hoxton Limited

Cumulative monetary amount held:USD27,997,910

Shareholding percentage:34.26%

Restriction of rights:None

 

Rise Soon Investments Limited

Cumulative monetary amount held:USD12,000,560

Shareholding percentage:14.68%

Restriction of rights:None

 

Right On Time Limited

Cumulative monetary amount held:USD6,750,315

Shareholding percentage:8.26%

Restriction of rights:None

 

Asian Luck Industrial Limited

Cumulative monetary amount held:USD5,701,315

Shareholding percentage:6.98%

Restriction of rights:None

 

10.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:0.0258%,ratio to shareholder's equity:0.0673%

Operating Capital:NTD-125,205,791,000

11.Broker and broker's fee:None

12.Concrete purpose or use of the acquisition or disposal: Long Term Investment

13.Whether the counterparty of the current transaction is a related party:YES

14.Date of the board of directors resolution:2021/07/20

15.Date of ratification by supervisors or approval by the Audit Committee:NA

16.Whether the CPA issued an unreasonable opinion regarding the current transaction:No

17.Name of the CPA firm:SHENZHEN JUXIN CERTIFIED PUBLIC ACCOUNTANTS

18.Name of the CPA:Dao Zhou

19.Practice certificate number of the CPA:440300360565

20.Whether the transaction involved in change of business model:No

21.Details on change of business model:Na

22.Details on transactions with the counterparty for the past year and the expected coming year:None

23.Source of funds:private capital

24.Any other matters that need to be specified:None

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