Company Announcements

Obtaining and disposal Foxconn Singapore Shares

Source: RNS
RNS Number : 1381N
Hon Hai Precision Industry Co Ld
18 January 2023
 

No:1

Subject:Obtaining Foxconn Singapore Pte Ltd Shares

Date of events:2023/01/18

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.):

Foxconn Singapore Pte Ltd;common shares

2.Date of occurrence of the event:2023/01/18

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

944,821,000 shares at USD 0.7355 each per ;

Total amount equals USD 694,946,508

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):

Foxconn (Far East) LimitedParent and subsidiary companies

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:

Optimize organizational structure;Na

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Na

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na

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

10.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:

The reference basis for the decision on price:Book value

The decision-making unit:Board of directors

11.Net worth per share of the Company's underlying securities acquired or disposed of:NTD 22.72

12.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:

Cumulative no. of shares held:1,568,474,555 shares

Cumulative monetary amount held:NTD 35,223,723,079

Shareholding percentage:100%

Restriction of rights:None

13.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:13.48%;

Ratio to owners'equity:31.23%;

Operating Capital:NTD-145,929,827,000

14.Broker and broker's fee:None

15.Concrete purpose or use of the acquisition or disposal:

Optimize organizational structure

16.Any dissenting opinions of directors to the present transaction:None

17.Whether the counterparty of the current transaction is a related party:Yes

18.Date of the board of directors resolution:2023/01/18

19.Date of ratification by supervisors or approval by the Audit Committee:2023/01/18

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

21.Name of the CPA firm:Diwan & Company

22.Name of the CPA:LU,RUI-WEN

23.Practice certificate number of the CPA:

CPA Associations R.O.C (Taiwan) No.1000037

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

25.Details on change of business model:Na

26.Details on transactions with the counterparty for the past year and the expected coming year:Na

27.Source of funds:private capital

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

 

No:2

Subject:Subsidiary, Foxconn (Far East) Limited disposal Foxconn Singapore Pte Ltd Shares

Date of events:2023/01/18

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.):

Foxconn Singapore Pte Ltd;common shares

2.Date of occurrence of the event:2023/01/18

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

944,821,000 shares at USD 0.7355 each per ;

Total amount equals USD 694,946,508

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):

Hon Hai Precision Ind. Co. Ltd.Parent and subsidiary companies

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:

The reason for choosing the related party as trading counterparty:

Optimize organizational structure;

The identity of the previous owner:Foxconn (Far East) Limited Cash investment

Its relationship with the Company and the trading counterparty:

Parent and subsidiary companies

The previous date of transfer:2021/01/29~2022/01/20

The previous monetary amount of transfer:SGD 944,821,000

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:

The date of acquisition by the related party:2021/01/29~2022/01/20

The price of acquisition by the related party:SGD 944,821,000

Its relationship with the Company at the time of the transaction:

Parent and subsidiary companies

7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Na

8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):0

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

10.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:

The reference basis for the decision on price:Book value

The decision-making unit:Board of directors

11.Net worth per share of the Company's underlying securities acquired or disposed of:NTD 22.72

12.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:

Cumulative no. of shares held:0 shares

Cumulative monetary amount held:NTD 0

Shareholding percentage:0%

Restriction of rights:None

13.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:12.05%;

Ratio to owners'equity:27.92%;

Operating Capital:NTD-145,929,827,000

14.Broker and broker's fee:None

15.Concrete purpose or use of the acquisition or disposal:

Optimize organizational structure

16.Any dissenting opinions of directors to the present transaction:None

17.Whether the counterparty of the current transaction is a related party:Yes

18.Date of the board of directors resolution:2023/01/18

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

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

21.Name of the CPA firm:Diwan & Company

22.Name of the CPA:LU,RUI-WEN

23.Practice certificate number of the CPA:

CPA Associations R.O.C (Taiwan) No.1000037

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

25.Details on change of business model:Na

26.Details on transactions with the counterparty for the past year and the expected coming year:Na

27.Source of funds:Na

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

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