Last checked at 29 Oct 2018 07:00
FINAL NOTICE OF CAPITAL REDUCTION
To all Holders and Beneficial Owners of
Regulation S Global Depositary Receipts ("GDRs")
evidencing Regulation S Global Depositary Shares ("GDSs")
COMPANY: | Hon Hai Precision Industry Co., Ltd., a company incorporated in the Republic of China (the "Company"). |
DEPOSITARY: | CITIBANK, N.A. |
DEPOSITED SECURITIES: | Shares of common stock of the Company (the "Shares"). |
DEPOSIT AGREEMENT: | Deposit Agreement, dated October 7, 1999, as amended by Amendment No. 1 to Deposit Agreement, dated as of November 15, 2000, as further amended by Amendment No. 2 to Deposit Agreement, dated as of August 8, 2003, and as further amended by a Side Letter, dated as of March 22, 2005, and as further amended by Letter Agreement, dated as of May 6, 2013, each by and between the Company and the Depositary. |
REGULATION S GDS OLD CUSIP NO.: | 438090201 |
REGULATION S GDS NEW CUSIP NO.: | 438090805 |
REGULATION S GDS OLD ISIN: | US4380902019 |
REGULATION S GDS NEW ISIN: | US4380908057 |
GDS RATIO: | Two (2) Shares to one (1) GDS. |
GDS EFFECTIVE DATE: | October 29, 2018 (as of close of business New York time) |
Please be advised that the Company has informed Citibank, N.A. that its Board of Directors has approved a capital reduction plan, which will consist of (i) 20% of the total number of issued Shares being cancelled and (ii) NT$2.0 per Share held being distributed to each shareholder or approximately NT$4.0 per GDS.
As a result, Hon Hai GDR holders will be required to surrender their GDSs (CUSIP No.: 438090201) to the Depositary upon the GDS Effective Date to be exchanged for (i) new GDSs (with new CUSIP No.: 438090805) at a rate of 0.8 new GDS for every existing GDS surrendered and (ii) the U.S. dollar equivalent NT$4.0 (converted into U.S. dollars in the open market by the Depositary after receipt of funds), in each case, net of any applicable fees, taxes and expenses. No fractional new GDSs will be issued. The Depositary will charge a fee of US$0.11 per GDS surrendered, which consists of (i) US$0.05 per GDS surrendered for cancellation, (ii) US$0.04 per GDS surrendered for securities distribution, and (iii) US$0.02 per GDS surrendered for the cash distribution. Please note, the cancellation and securities distribution fees (US$0.05 and US$0.04, respectively, totaling US$0.09 per GDS surrendered) will be charged to participants/holders on the Effective Date. The cash distribution fee (US$0.02 per GDS surrendered) will be netted from the cash distributed.
The following will be the final amount of the proceeds and the U.S. dollar equivalent of the cash distribution:
Gross US Dollar Rate: US$0.128756 per GDS surrendered
Depositary Fee: US$0.020000 per GDS surrendered
Net US Dollar Rate: US$0.108756 per GDS surrendered
Please note that the Depositary books are closed for issuance and cancellation of GDSs as of the close of business on October 17, 2018 through close of business on October 30, 2018.
If you have any questions about the foregoing, please call Citibank GDR Shareholder Services at 1-800-308-7887. Copies of the Deposit Agreement are available from the Depositary at
388 Greenwich Street, New York, NY 10013.
FINAL NOTICE OF CAPITAL REDUCTION
To all Holders and Beneficial Owners of
Rule 144A Global Depositary Receipts ("GDRs") evidencing Rule 144A Global Depositary Shares ("GDSs")
COMPANY: | Hon Hai Precision Industry Co., Ltd., a company incorporated in the Republic of China (the "Company"). |
DEPOSITARY: | CITIBANK, N.A. |
DEPOSITED SECURITIES: | Shares of common stock of the Company (the "Shares"). |
DEPOSIT AGREEMENT: | Deposit Agreement, dated October 7, 1999, as amended by Amendment No. 1 to Deposit Agreement, dated as of November 15, 2000, as further amended by Amendment No. 2 to Deposit Agreement, dated as of August 8, 2003, and as further amended by a Side Letter, dated as of March 22, 2005, and as further amended by Letter Agreement, dated as of May 6, 2013, each by and between the Company and the Depositary. |
RULE 144A GDS OLD CUSIP NO.: | 438090102 |
RULE 144A GDS NEW CUSIP NO.: | 438090888 |
RULE 144A GDS OLD ISIN: | US4380901029 |
RULE 144A GDS NEW ISIN: | US4380908883 |
GDS RATIO: | Two (2) Shares to one (1) GDS. |
GDS EFFECTIVE DATE: | October 30, 2018 |
Please be advised that the Company has informed Citibank, N.A. that its Board of Directors has approved a capital reduction plan, which will consist of (i) 20% of the total number of issued Shares being cancelled and (ii) NT$2.0 per Share held being distributed to each shareholder or approximately NT$4.0 per GDS.
As a result, Hon Hai GDR holders will be required to surrender their GDSs (CUSIP No.: 438090102) to the Depositary upon the GDS Effective Date to be exchanged for (i) new GDSs (with new CUSIP No.: 438090888) at a rate of 0.8 new GDS for every existing GDS surrendered and (ii) the U.S. dollar equivalent NT$4.0 (converted into U.S. dollars in the open market by the Depositary after receipt of funds), in each case, net of any applicable fees, taxes and expenses. No fractional new GDSs will be issued. The Depositary will charge a fee of US$0.11 per GDS surrendered, which consists of (i) US$0.05 per GDS surrendered for cancellation, (ii) US$0.04 per GDS surrendered for securities distribution, and (iii) US$0.02 per GDS surrendered for the cash distribution. Please note, the cancellation and securities distribution fees (US$0.05 and US$0.04, respectively, totaling US$0.09 per GDS surrendered) will be charged to participants/holders on the Effective Date. The cash distribution fee (US$0.02 per GDS surrendered) will be netted from the cash distributed.
The following will be the final amount of the proceeds and the U.S. dollar equivalent of the cash distribution:
Gross US Dollar Rate: US$0.128756 per GDS surrendered
Depositary Fee: US$0.020000 per GDS surrendered
Net US Dollar Rate: US$0.108756 per GDS surrendered
Please note that the Depositary books are closed for issuance and cancellation of GDSs as of the close of business on October 17, 2018 through close of business on October 30, 2018.
If you have any questions about the foregoing, please call Citibank GDR Shareholder Services at 1-800-308-7887. Copies of the Deposit Agreement are available from the Depositary at
388 Greenwich Street, New York, NY 10013.