Hon Hai Precision Industry : Acquire shares of newly established joint venture

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Hon Hai Precision Industry Co Ld - HHPD Acquire shares of newly established joint venture Released 11:02 06-Mar-2020

RNS Number : 2992F

Hon Hai Precision Industry Co Ld

06 March 2020

Subject:Announcement of acquiring shares of newly established joint venture company (Name to be decided)

Date of events:2020/03/06

Contents:

1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):

another announcement will be made upon establishment of the joint venture company; Common shares

2.Date of occurrence of the event:2020/03/06

3.Volume, unit price, and total monetary amount of the transaction:

Transaction volume: 794,400,000 shares

Unit price: NTD 10

Total transaction price: NTD 7,944,000,000

4.Counterparty to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

Newly established joint venture company ; None

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

Payment period:upon establishment of the joint venture company

Payment monetary amount:NTD 7,944,000,000

Restrictive covenants in the contract, and other important stipulations:None

6.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:

The manner in which the current transaction was decided:Na

The reference basis for the decision on price:Issuing price of the

shares of the newly established joint venture company

The decision-making department:Board of Directors

7.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

cumulative volume: 794,400,000 shares;

cumulative amount: NTD 7,944,000,000;

shareholding percentage:51%;

restriction of rights:None

8.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:

Ratio to total assets:13.45%, to shareholder's equity:34.38%

Operating Capital:NTD -28,636,429,000

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

To develop automobile related business

10.Source of funds:self-owned fund

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Acquire shares of newly established joint venture - RNS