Subsidiary acquires real estate use rights assets
Summary by AI BETAClose X
Subject: Subsidiary,Fulian Yuzhan Precision Technology Co., Ltd. acqui-of-use assets of factory buildingsition right
Contents:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):
Portions of factory buildings at Foxconn Hongguan Science Park, Xingfu Community, Fucheng Subdistrict, Longhua District, Shenzhen City, China; Portions of factory buildings at Foxconn Science Park, No.2 Donghuan 2nd Road, Longhua Subdistrict, Longhua District, Shenzhen City, China；the right to use real estate
2.Date of occurrence of the event:2026/09/14
3.Date of the board of directors resolution:2026/09/14
4.Other approval date: NA
5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
Transaction unit amount:322,123.85㎡（97,442.46 Ping）
rice per unit: Average pre-tax price of RMB 18.24/㎡
total contract rent: RMB 109,363,541.52, excluding tax
transaction amount of right-of-use assets: RMB 105,212,356
6.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): Foxconn Technology Group Co., Ltd.、Fuhuigun Industry (Shenzhen)Co., Ltd.、Futaijie Technology Development (Shenzhen) Co., Ltd. ; affiliate
7.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: Group resource integration; NA
8.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
9.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NA
10.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:
Rental period:2026/5/1-2027/12/31,total rent: RMB 109,363,541.52,excluding tax
11.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; market price; Board of director
12.Name of the professional appraisal firm or company and its appraisal price: SHANGHAI SHENWEI ASSETS APPRAISAL CO., LTD；RMB 105,212,356
13.Name of the professional appraiser: Huilin Jia、Liang Zhang
14.Practice certificate number of the professional appraiser:
Huilin Jia:41090053、Liang Zhang:41210074
15.The appraisal report has a limited price, specific price, or special price: NA
16.An appraisal report has not yet been obtained: NA
17.Reason for an appraisal report not being obtained: NA
18.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA
19.Name of the CPA firm: NA
20.Name of the CPA:NA
21.Practice certificate number of the CPA:NA
22.Broker and broker's fee: None
23.Concrete purpose or use of the acquisition or disposal: operational needs
24.Any dissenting opinions of directors to the present transaction: None
25.Whether the counterparty of the current transaction is a related party: Yes
26.Date of ratification by supervisors or approval by the audit committee:2026/09/14
27.The transaction is to acquire a real property or right-of-use asset from a related party: YES
28.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA
29.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
30.Date on which material information regarding the same event has been previously released: NA
31.Any other matters that need to be specified: None
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.
Latest directors dealings
- 20 minutes ago Avon Technologies plc
- 55 minutes ago TBC Bank Group
- 1 hour ago Moneysupermarket.com Group
- 1 hour ago Dr. Martens
- 2 hours ago Neuberger Private Equity Partners Limited