Announcement of obtaining PRC Investment

Hon Hai Precision Industry Co Ld
12 March 2024
 

Subject: Announcement of obtaining PRC Investment

Date of events:2024/03/12

Contents:

1.Date of occurrence of the event:2024/03/12

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

Through investment activities in mainland China, Foxconn Industrial Internet Co., Ltd. increased capital Kore Semiconductor Co., Ltd.

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

RMB 100,000,000

4.Company name of the mainland Chinese investee:

Kore Semiconductor Co., Ltd.

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

RMB 508 million

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

RMB 60 million

7.Main businesses of the aforementioned mainland Chinese investee:

Engage in semiconductor wafer bumping and carrier board processing business

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

Unqualified opinion

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

RMB 56.5714 million

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

RMB -181.9465 million

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

USD 10,737,772

12.Trading counterparty and its relationship with the Company:

Cash investment is not appliedEquity method investee 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:

capital increaseNot applicable.

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:

Delivery or payment conditions (including payment period and amount),

contractual restrictions, and other important agreed-upon matters:

The delivery of this transaction shall proceed only after the fulfillment

of preconditions of the transaction (including but not limited to

obtaining relevant regulatory approvals)

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

According to authorization of the Company.

18.Broker: None

19.Concrete purpose of the acquisition or disposal:

Long-term strategic 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: NA

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

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

USD12,613,669,893.63

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:

285.20%

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:

11.11%

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:

26.62%

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

USD10,963,036,206.01

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:247.88%

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:9.66%

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:23.14%

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: No

35.Name of the CPA firm: Shandong Zhonglide Certified Public Accountants CO.LTD

36.Name of the CPA: Lianqiang ZhangXicheng Yuan

37.Practice certificate number of the CPA:

Lianqiang Zhang 370500140021Xicheng Yuan 370500180003

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings