Last checked at 6 Dec 2022 09:07
Subject:Mainland investment Structure Modification
Date of events:2022/12/06
Contents:
1.Date of occurrence of the event:2022/12/06
2.Method of the current increase (decrease) in investment:
The Company's subsidiary FOXCONN OE TECHNOLOGIES SINGAPORE PTE. LTD.(1% shares ) and FOXCONN INTERCONNECT TECHNOLOGY SINGAPORE PTE. LTD. (50% shares) disposal FIT ELECTRONICS DEVICE PTE LTD. shares to SHARP DISPLAY TECHNOLOGY CORPORATION (Original 49% shares).
After the equity transfer is completed, SHARP DISPLAY TECHNOLOGY CORPORATION will hold 100% equity of FIT ELECTRONICS DEVICE PTE LTD., and indirectly hold 100% equity of SHARP FIT Automotive Technology (Wuxi) Co, Ltd.
3.Amount, unit price, and total monetary amount of the transaction:
FOXCONN OE TECHNOLOGIES SINGAPORE PTE. LTD. disposal:
Amount:280,636 shares
Unit price: USD 1
Monetary amount:USD 280,636
FOXCONN INTERCONNECT TECHNOLOGY SINGAPORE PTE. LTD. disposal:
Amount:14,134,705 shares
Unit price: USD 1
Monetary amount:USD 14,134,705
Total monetary amount:USD 14,415,341
4.Company name of the mainland Chinese investee:
SHARP FIT Automotive Technology (Wuxi) Co, Ltd.
5.Paid-in capital of aforementioned mainland Chinese investee:
USD 8,700,000
6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:NA
7.Main businesses of the aforementioned mainland Chinese investee:
Engaged in design, manufacturing, and marketing for automotive electronic related products
8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee:Unqualified opinion
9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:RMB 21,799,207.03
10.Amount of profit/loss of the aforementioned mainland Chinese investee in
the latest annual financial statements:RMB -16,516,581.10
11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment:USD 5,312,107
12.Trading counterparty and its relationship with the Company:
Sharp Display Technology Corporation;affiliate company
13.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:
Choosing the related party as trading counterpart:
The buyer is a shareholder of FIT Electronics Device Pte. Ltd., the target company for joint operation.
The identity of the previous owner:New joint venture is not applied;
Relationship with the company:NA;
The date of acquisition:2018/01/31
Price of transfer:USD 14,415,341
14.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:2018/01/31
Price of transfer:USD 14,415,341
Relationship with the company:NA
15.Profit (or loss) upon disposal:USD 5,020,882
16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:
(1)Terms of delivery or payment:According to the share transfer agreement
(2)restrictive covenants in the contract, and other important terms and conditions:None
17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit:
Negotiated;Market condition ;Board of Directors
18.Broker:None
19.Concrete purpose of the acquisition or disposal:
In response to group strategic adjustments
20.Any dissenting opinions of directors to the present transaction:None
21.Whether the counterparty of the current transaction is a related party:Yes
22.Date of the board of directors resolution:2022/12/06
23.Date of ratification by supervisors or approval by the Audit Committee:NA
24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment:USD 12,470,022,593.92
25.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the paid-in capital on the latest financial statements:288.34%
26.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the total assets on the latest financial statements:11.91%
27.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:27.59%
28.Total amount of actual investment in mainland China, up to the present moment:USD 10,931,409,446.69
29.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the paid-in capital on the latest financial statements:252.76%
30.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the total assets on the latest financial statements:10.44%
31.Ratio of the total amount of actual investment in mainland China, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:24.18%
32.Amount of recognized profit (loss) on investment in mainland China for the last three years:
2019: NT$ 105,832,857,000;
2020: NT$ 119,283,719,000;
2021: NT$ 157,233,126,000
33.Amount of profit remitted back to Taiwan for the last three years:None
34.Whether the CPA issued an unreasonable opinion regarding the current transaction:None
35.Name of the CPA firm:ATAX Accounting Firm
36.Name of the CPA:Danny Cheng
37.Practice certificate number of the CPA:
Financial-Supervisory-Securities-Corporate-5720
38.Any other matters that need to be specified:None