REG - Hon Hai Prec.Ind.Co - Subsidiary obtaining Equipment, Land, and Building

Hon Hai Precision Industry CoAnnouncement

15/01/2025 10:45

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RNS Number : 4444T  Hon Hai Precision Industry Co Ld  15 January 2025

No.1

Subject: Subsidiary Foxconn Hon Hai Technology India Mega Development Private
Limited announces obtaining of electromechanical equipment

Date of events:2025/01/15

Contents:

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

2.Date of occurrence of the event:2024/12/13~2025/01/15

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

Transaction unit amount :a batch

Total transaction amount:INR2,863,363,170

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):CINDA ENGINEERING AND CONSTRUCTION PRIVATE LIMITED; 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:

Negotiation;

Market price;

According to authorization of the Company

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

11.Name of the professional appraiser: Na

12.Practice certificate number of the professional appraiser: Na

13.The appraisal report has a limited price, specific price, or special price:
None

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: Na

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

Operational requirement

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: 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

 

No.2

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

Date of events:2025/01/15

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 at 1230, 1240, 1250, 1260, 1270, and 1280 East Argues

Avenue, Sunnyvale, CA 94085

2.Date of occurrence of the event:2025/01/15

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

Land: 26.31 acre;

Building: 313,740 square meters;

Transaction price: USD 128,000,000

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):

1200 Arques Propco LLC ;1230 Arques Propco LLC ;1240 Arques Propco LLC;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. Carneghi-Nakasako & Associates ; USD$128,000,000

10-2. Suntender valuation Inc ; USD$128,500,000

11.Name of the professional appraiser:

11-1. Bradley Carneghi,MAI

11-2. Tory Webb

12.Practice certificate number of the professional appraiser:

12-1. Bradley Carneghi,MAI:AG044571

12-2. Tory Webb:AG043285

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: 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:

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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