REG - Hon Hai Prec.Ind.Co - Ingrasys USA obtaining Land and Building

Hon Hai Precision Industry CoAnnouncement

24/03/2025 09:45

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RNS Number : 8681B  Hon Hai Precision Industry Co Ld  24 March 2025

Subject: Subsidiary Ingrasys Technology USA Inc. announces obtaining Land and
Building

Contents:

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

Land, Building located 8702, 8710, 8718 and 8726 Fairbanks North Houston Rd,

Houston, TX 77064

2.Date of occurrence of the event:2025/03/24

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

Land: 86.34 acre;

Building: 1,011,521 square meters;

Transaction price: USD 142,124,461

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):

FB Logistics Park Property Owner LP、 FB Logistics Park Property Owner II
LP、FB Logistics Park Property Owner III LP; 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: None

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: Negotiated ; market price ;Board of
director

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

10-1. Newmark Valuation & Advisory ; USD$143,530,000.00

10-2. MBLane & Associates, Inc. ; USD$136,200,000.00

11.Name of the professional appraiser:

11-1. Ernest Wolf, Sara Payne

11-2. Michael B. Lane, Lee Doehring

12.Practice certificate number of the professional appraiser:

12-1. TX1321415G, TX1337701G

12-2. TX1322609-C, TX1342044-T

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 : None

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

22.Any dissenting opinions of directors to the present transaction: None

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

24.Date of the board of directors resolution:2025/03/24

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:

The escrow fees, transaction taxes, insurance fees, and other expenses
incurred during the transaction process will be settled separately based on
the actual amounts.

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