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Hon Hai Prec.Ind.Co (HHPD)

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Wednesday 30 June, 2021

Hon Hai Prec.Ind.Co

Subsidiary obtaining FII USA Inc.shares

RNS Number : 6498D
Hon Hai Precision Industry Co Ld
30 June 2021
 

Subject: Subsidiary Cloud Network Technology Kft. obtaining FII USA Inc.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.):FII USA Inc. shares

2.Date of occurrence of the event:2021/06/30

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

110,000 shares at USD 1,000 each per ; USD 110,000,000

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.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.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:

116,000shares USD 116,000,000 approximately 100% restriction of rights:None

9.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:0.56%,ratio to shareholder's equity:1.47%

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

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

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

12.Date of the board of directors resolution:2021/06/30

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

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

15.Details on change of business model: Na

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

17.Source of funds: private capital

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

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