Last checked at 6 Mar 2023 10:12
NO.1
Subject: Subsidiary Foxconn EV Technology Inc. announces obtaining Foxconn EV Property Development LLC. Shares
Contents:
1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Fulian Precision Technology Component CO.,LTD. shares
2.Date of occurrence of the event:2023/03/06
3.Amount, unit price, and total monetary amount of the transaction:
Total transaction amount: USD 78,700,000 based on real estate (land and buildings) (approximately NT$2,413,729,000)
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):New company not applicable; 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.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party): Na
8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Na
9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: None
10.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: Board of director
11.Net worth per share of the Company's underlying securities acquired or disposed of: NA
12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:
Cumulative monetary amount held: USD 78,700,000
Shareholding percentage:100%
Restriction of rights: None
13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:
Ratio to total assets:0.16%;
Ratio to owners'equity:0.37%;
Operating Capital:NTD-145,929,827,000
14.Broker and broker's fee: None
15.Concrete purpose or use of the acquisition or disposal:Long Term Investment
16.Any dissenting opinions of directors to the present transaction: None
17.Whether the counterparty of the current transaction is a related party: No
18.Date of the board of directors resolution: NA
19.Date of ratification by supervisors or approval by the Audit Committee: NA
20.Whether the CPA issued an unreasonable opinion regarding the current transaction: No
21.Name of the CPA firm: Diwan & Company
22.Name of the CPA: LU, RUI-WEN
23.Practice certificate number of the CPA: CPA Associations R.O.C (Taiwan) No. 1000037
24.Whether the transaction involved in change of business model: No
25.Details on change of business model: Na
26.Details on transactions with the counterparty for the past year and the
expected coming year: Na
27.Source of funds: private capital
28.Any other matters that need to be specified: None
No:2
Subject: Subsidiary Foxconn EV Technology Inc. announces disposal of 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): located in 2300 Hallock Young Road, Lordstown, Ohio, U.S.
2.Date of occurrence of the event:2023/03/06
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
Transaction unit amount:
Land2,825,353 square meters, equivalent to 854,669 ping
Building561,925 square meters, equivalent to 169,982 ping
Unit price:
LandUSD 6.9018/per square meters
BuildingUSD 105.3521/per square meters
Transaction price:
LandUSD 19,500,000
BuildingUSD 59,200,000
Total transaction priceUSD 78,700,000 ( approximately NTD 2,413,729,000)
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): Invest in the establishment of Foxconn EV Property Development LLC. with land and buildingsNone
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):0
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; Book value; Board of Directors
10.Name of the professional appraisal firm or company and its appraisal price:
Moegenburg Research, Inc.: USD 82,500,000
CBRE: USD 81,600,000
11.Name of the professional appraiser:
Moegenburg Research, Inc.Peter A. Moegenburg
CBREJosh Hanna & Mason Shelby
12.Practice certificate number of the professional appraiser:
Peter A. Moegenburg2004011664
Josh Hanna & Mason Shelby2019003105 & 20080000978
13.The appraisal report has a limited price, specific price, or special price: Na
14.An appraisal report has not yet been obtained: Na
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: Develop a new business
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:3
Subject: Subsidiary Foxconn EV Property Development LLC. announces obtaining of 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): located in 2300 Hallock Young Road, Lordstown, Ohio, U.S.
2.Date of occurrence of the event:2023/03/06
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
Transaction unit amount:
Land2,825,353 square meters, equivalent to 854,669 ping
Building561,925 square meters, equivalent to 169,982 ping
Unit price:
LandUSD 6.9018/per square meters
BuildingUSD 105.3521/per square meters
Transaction price:
LandUSD 19,500,000
BuildingUSD 59,200,000
Total transaction priceUSD 78,700,000 ( approximately NTD 2,413,729,000)
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): Foxconn EV Technology Inc. Invest in the establishment with land and buildingsNone
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; Book value; Board of Directors
10.Name of the professional appraisal firm or company and its appraisal price:
Moegenburg Research, Inc.: USD 82,500,000
CBRE: USD 81,600,000
11.Name of the professional appraiser:
Moegenburg Research, Inc.Peter A. Moegenburg
CBREJosh Hanna & Mason Shelby
12.Practice certificate number of the professional appraiser:
Peter A. Moegenburg2004011664
Josh Hanna & Mason Shelby2019003105 & 20080000978
13.The appraisal report has a limited price, specific price, or special price: Na
14.An appraisal report has not yet been obtained: Na
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: Develop a new business
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