FII announces indirect PRC investment

Hon Hai Precision Industry Co Ld

08 June 2023

 

Subject: Subsidiary, Foxconn Industrial Internet Co., Ltd., announces Raising funds to invest in mainland subsidiary projects

Contents:

1.Date of occurrence of the event:2023/06/08

2.Method of the current increase (decrease) in investment:

Foxconn Industrial Internet Co., Ltd. capital increase of the following companies:

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.

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

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.:RMB 752,810,000

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.:RMB 598,000,000

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.:RMB 123,000,000

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.:RMB 94,000,000

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.:RMB 1,890,000,000

4.Company name of the mainland Chinese investee:

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.

5.Paid-in capital of aforementioned mainland Chinese investee:

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.:RMB 2,462,082,400

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.:RMB 3,140,000,000

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.:RMB 1,450,332,552

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.:RMB 271,817,500

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.RMB 500,000,000

6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.:RMB 752,810,000

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.:RMB 598,000,000

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.:RMB 123,000,000

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.:RMB 94,000,000

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.:RMB 1,890,000,000

7.Main businesses of the aforementioned mainland Chinese investee:

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.:Produce, process, sale of servers, electrics, non-electric mopeds, etc

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.:Servers, memories, network switches, routers, etc

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.: Develop and produce new generation  electronic components, customer premises equipments and network communication systems, etc

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.: Develop and produce new generation electronic components, customer premises equipments and network communication systems, etc

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.: Develop, produce and sale of high-end precision mobile phone components

8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee: NA

9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:

(1) Fulian Precision Electronics (Tianjin) Co.,Ltd.: RMB 11,009,752,000

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.: RMB 5,676,173,800

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.: RMB 8,447,419,000

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.: RMB 780,539,910

(5) Fulian Precision Technology (Ganzhou) Co.,Ltd.: RMB 496,784,980

10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements:

(1) Fulian Precision Electronics(Tianjin) Co.,Ltd.: RMB 1,601,231,000

(2) Shenzhen FuLian Fugui Precision Industry Co., LTD.: RMB 673,947,400

(3) Nanning FuLian FuGui Precision Industrial Co., Ltd.: RMB 917,584,000

(4) Fulian System Integration Electronics（Hangzhou）Co., Ltd.: RMB 43,729,800

(5) Fulian Precision Technology (Ganzhou) Co., Ltd.: RMB -3,215,020

11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment: NA

12.Trading counterparty and its relationship with the Company:

Cash investment is not applied; parent and subsidiary companies

13.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

14.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

15.Profit (or loss) upon disposal: Na

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

17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: Board of directors

18.Broker: None

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

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

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

22.Date of the board of directors resolution:2023/06/08

23.Date of ratification by supervisors or approval by the Audit Committee:2023/06/08

24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment: USD 12,601,511,146.26

25.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the paid-in capital on the latest financial statements:276.79%

26.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the total assets on the latest financial statements:12.55%

27.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:27.39%

28.Total amount of actual investment in mainland China, up to the present moment: USD11,510,568,730.51

29.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the paid-in capital on the latest financial statements:252.83%

30.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the total assets on the latest financial statements:11.47%

31.Ratio of the total amount of actual investment in mainland China, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:25.02%

32.Amount of recognized profit (loss) on investment in mainland China for the last three years:

2020: NTD 119,283,719,000;

2021: NTD 157,233,126,000;

2022: NTD 173,959,823,000

33.Amount of profit remitted back to Taiwan for the last three years: None

34.Whether the CPA issued an unreasonable opinion regarding the current transaction: NA

35.Name of the CPA firm: NA

36.Name of the CPA:NA

37.Practice certificate number of the CPA:NA

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

 

END