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Provided by: HON HAI PRECISION IND. CO., LTD. | |||||
SEQ_NO | 2 | Date of announcement | 2021/11/11 | Time of announcement | 06:45:15 |
Subject | (Supplement Disclosure 2021/10/1 announcement) Foxconn EV Technology Inc.announces obtaining of Land and Building and Machinery equipment | ||||
Date of events | 2021/11/10 | To which item it meets | paragraph 20 | ||
Statement | 1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): Land and Building�Glocated in 2300 Hallock Young Road, Lordstown, Ohio, U.S. Machinery equipment 2.Date of occurrence of the event:2021/11/10 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Transaction unit amount: Land�G2,825,353square meters, equivalent to 854,669 ping Building�G561,925square meters, equivalent to 169,982 ping Machinery and equipment�Gone batch Unit price: Land�GUSD 7.1672/per square meters Building�GUSD104.2843/per square meters Transaction price: Land�GUSD 20,250,000�� Building�GUSD 58,600,000�� Machinery and equipment�GUSD 151,150,000 Total transaction price�GUSD 230,000,000 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):Lordstown EV Corporation�FNone 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: Down payment s US$200,000,000 paid on 2021/11�B2022/2 & 2022/4 Final payment US$30,000,000paid on closing date 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;Board of Directors 10.Name of the professional appraisal firm or company and its appraisal price: Ernst & Young LLP: Land:USD 19,500,000;Plant:USD 59,200,000 CBRE: Land:USD 21,000,000;Plant:USD58,000,000 11.Name of the professional appraiser: Ernst & Young LLP:Morgan Paige Lucas CBRE:Joshua Gregory Hanna & Mason W Shelby 12.Practice certificate number of the professional appraiser: Morgan Paige Lucas:GA004429 Joshua Gregory Hanna & Mason W Shelby:2019003105& 2008000978 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: The investment entity changed from Foxconn Asset Management LLC to Foxconn EV Technology Inc. |
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Hon Hai Precision Industry Co. Ltd. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 23:06:05 UTC.