Subsidiary signing the Letter of Intent.

Hon Hai Precision Industry Co Ld

12 October 2023

 

Subject: Announcement on behalf of the Company's subsidiary Cloud Network Technology Singapore Pte. Ltd., Taiwan Branch for signing the Letter of Intent.

Contents:

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

No. 106-2, Peibei Section, Tucheng District, New Taipei City

2.Date of occurrence of the event:2023/10/12

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

Area: approximately 12,747.12 pine with 300 parking spaces

Price: approximately NTD 7,549,580,000

The area and price would be determined upon signing of the purchase agreement.

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):Bes Engineering Corporation；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: Pursuant to the agreement.

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:

Negotiation between both parties.； Market trend around the area；

Board of Directors.

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

(1)Colliers International Valuation (Taiwan)and Co.:NTD 8,149,000,000

(2)Baoyuan Real Estate Appraiser Firm:NTD 8,915,975,940

11.Name of the professional appraiser:

(1)Colliers International Valuation (Taiwan)and Co.:KE,FENG-RU

(2)Baoyuan Real Estate Appraiser Firm:YEH,TZU-KUANG

12.Practice certificate number of the professional appraiser:

(1)KE,FENG-RU:(103) TCG_NO.000203

(2)YEH,TZU-KUANG:(109) YCG_NO.000043

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

14.An appraisal report has not yet been obtained: NA

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: NO

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

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