REG - Hon Hai Prec.Ind.Co - Subsidiary Disposal of Land, Buildings & Machinery

Hon Hai Precision Industry CoAnnouncement

04/08/2025 11:15

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RNS Number : 8553T  Hon Hai Precision Industry Co Ld  04 August 2025

No:1

Subject: Announcement of disposal of Land and buildings on behalf of
subsidiary Foxconn EV Property Development LLC

Date of events:2025/08/04

Contents:

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

Land and buildings located at 2300 Hallock Young Road, Lordstown, Ohio, USA

2.Date of occurrence of the event:2025/08/04

3.Date of the board of directors resolution:2025/08/04

4.Other approval date: NA

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

Land: 599.586 acres ; Price per unit: USD 7.92/square meters

Building: 6,043,482 square feet; Price per unit: USD 122.55/square meters

Transaction price: USD 88,000,000

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):CRESCENT DUNE LLC；None

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: 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:

The date of acquisition : 2023/03/06

The price of acquisition : USD 19,500,000 of Land, USD 59,200,000 of

Building, Total: USD 78,700,000

Relationship with the Company: parent and subsidiary companies

9.Projected gain (or loss) through disposal (not applicable for acquisition of
assets; those with deferral should provide a table explaining recognition):USD
15,691,907

10.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms and
conditions:

According to the provisions of the asset sales contract signed by the buyer
and seller

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；According to market conditions；Board of Directors

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

(1) CBRE；USD 88,000,000

(2) Moegenburg Research, Inc.；USD 90,650,000

13.Name of the professional appraiser:

(1) CBRE：Joshua Hanna & Mason Shelby

(2) Moegenburg Research, Inc.：Peter A. Moegenburg

14.Practice certificate number of the professional appraiser:

(1) Joshua Hanna & Mason Shelby：2019003105 & 20080000978

(2) Peter A. Moegenburg：2004011664

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

16.An appraisal report has not yet been obtained: No

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:

Asset revitalization to optimize the site's product portfolio and operational
performance.

24.Any dissenting opinions of directors to the present transaction: No

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

26.Date of ratification by supervisors or approval by the audit committee: NA

27.The transaction is to acquire a real property or right-of-use asset from a
related party: NA

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

 

No:2

Subject: Announcement of disposal of machinery and equipment on behalf of
subsidiary Foxconn EV Asset Management LLC

Date of events:2025/08/04

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,

Lot XX, North District, Taichung City):machinery and equipment

2.Date of occurrence of the event:2025/08/04

3.Date of the board of directors resolution:2025/08/04

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 amount: One batch;

Total transaction amount: USD 257,000,000

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):CRESCENT DUNE LLC；None

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: 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:

The date of acquisition : 2022/12/15

The price of acquisition : USD 168,952,593

Relationship with the Company: parent and subsidiary companies

9.Projected gain (or loss) through disposal (not applicable for acquisition of
assets; those with deferral should provide a table explaining recognition):USD
151,236,893

10.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms and
conditions:

According to the provisions of the asset sales contract signed by the buyer

and seller

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: NA

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

13.Name of the professional appraiser: NA

14.Practice certificate number of the professional appraiser: NA

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:

Asset revitalization to optimize the site's product portfolio and

operational performance.

24.Any dissenting opinions of directors to the present transaction: No

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

26.Date of ratification by supervisors or approval by the audit committee: NA

27.The transaction is to acquire a real property or right-of-use asset from a
related party: NA

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

 

No:3

Subject: Announcement of disposal of machinery and equipment on behalf of
subsidiary Foxconn EV System LLC

Date of events:2025/08/04

Contents:

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

2.Date of occurrence of the event:2025/08/04

3.Date of the board of directors resolution:2025/08/04

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 amount: One batch;

Total transaction amount: USD 30,000,000

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):CRESCENT DUNE LLC；None

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: 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:

The date of acquisition : 2023/03/06

The price of acquisition : USD 9,286,757.12

Relationship with the Company: parent and subsidiary companies

9.Projected gain (or loss) through disposal (not applicable for acquisition of
assets; those with deferral should provide a table explaining recognition):USD
2,437,297.90

10.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms and
conditions:

According to the provisions of the asset sales contract signed by the buyer
and seller

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: NA

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

13.Name of the professional appraiser: NA

14.Practice certificate number of the professional appraiser: NA

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:

Asset revitalization to optimize the site's product portfolio and operational
performance.

24.Any dissenting opinions of directors to the present transaction: No

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

26.Date of ratification by supervisors or approval by the audit committee: NA

27.The transaction is to acquire a real property or right-of-use asset from a
related party: NA

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

 

 

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