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RNS News Service

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Subsidiary FII obtaining HongFuJin(TianJin) Shares

RNS

RNS Number : 7670D
Hon Hai Precision Industry Co Ld
30 October 2020
 

Subject:Subsidiary, Foxconn Industrial Internet Co.,Ltd. obtaining HongFuJin Precision Electronics (TianJin) Co., Ltd. Shares

Date of events:2020/10/29

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.):HongFuJin Precision Electronics (TianJin) Co., Ltd. Shares

2.Date of occurrence of the event:2020/10/29

3.Amount, unit price, and total monetary amount of the transaction:RMB800,000,000

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):

Cash investment is not applied;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:

Cash increase;Na

6.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 director

7.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 monetary amount held:RMB1,762,082,400

Shareholding percentage:100%

Restriction of rights:None

8.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:8.33%;

Ratio to owners'equity:21.57%;

Operating Capital:NTD-104,738,702,000

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

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

11.Date of the board of directors resolution:2020/10/29

12.Date of ratification by supervisors or approval by the Audit Committee:2020/10/29

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