Subsidiary obtaining Land Use Rights Assets

Hon Hai Precision Industry Co Ld

17 October 2024

 

Subject: Announcement of Acquiring Land Use Rights Assets on behalf of Subsidiary Foxconn Innovation Industry Development Group Co., LTD.

Date of events: 2024/10/16

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):

The land use right asset (TA3-11-01 plot) located on the west of Longhu Inner Ring North Road and north of Sanquan Road in Zhengdong New District, Zhengzhou City; Land Use Rights Assets

2.Date of occurrence of the event:2024/10/16

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction unit amount:28,420.03 square meters

Unit price: RMB 5,277.96/square meters,

Total transaction price: RMB 150,000,000

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):

Zhengzhou Natural Resources and Planning Bureau; None

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: 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.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NA

8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Execute according to the agreement content

9.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:

Listing transaction; According to market conditions; Board of Directors.

10.Name of the professional appraisal firm or company and its appraisal price:

Henan chidu fangchan tudi zichan pinggu youxian gongsi; RMB 154,534,000

11.Name of the professional appraiser:

Lizhongcan ; chengyulong

12.Practice certificate of the professional appraiser:

lizhongcan: 2019410076 / chengyulong:2010110084

13.The appraisal report has a limited price, specific price, or special price: No

14.An appraisal report has not yet been obtained: No

15.Reason for an appraisal report not being obtained: NA

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA

17.Name of the CPA firm: NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee: NA

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

Investment in the construction of Zhengzhou New Business Headquarters Building

22.Any dissenting opinions of directors to the present transaction: No

23.Whether the counterparty of the current transaction is a related party: No

24.Date of the board of directors resolution: NA

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: No

27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA

28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: NA

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

 

END