[Foxsemicon] Subsidiary Hongfujin Precision Industrial (Taiyuan) Acquires Factory Right-of-Use Assets
Hongfujin Precision Industrial (Taiyuan), a subsidiary of Foxsemicon (鴻準), leased factory space in Foxconn Taiyuan Industrial Park for three years to optimize group resources.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 09:00
- 🔍 Collected: April 25, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 25, 2026 at 09:03 (1h 3m after Collected)
1. Name and nature of the underlying asset: Right-of-use asset of partial factory buildings in Area D, Foxconn Industrial Park, No. 1 Longfei Street, Xiaodian District, Taiyuan City, Shanxi Province, China.
2. Date of occurrence: April 24, 2026.
3. Date of board approval: April 24, 2026.
4. Other authorization date: Not applicable.
5. Transaction quantity, unit price, and total amount: Quantity: 46,317.61 square meters (approx. 14,011.08 ping). Monthly unit price: RMB 10.3 per square meter. Total contract rent: RMB 17,174,569.68. Right-of-use asset value: RMB 15,977,590.26.
6. Counterparty and relationship: Foxconn Precision Electronics (Taiyuan) Co., Ltd., an affiliate (related party).
7. Reason for choosing the related party: Group resource integration. Previous transfer details: Not applicable.
8. Owner information in the last 5 years: Not applicable.
9. Expected gain/loss: Not applicable for asset acquisition.
10. Payment terms and important covenants: Lease period: May 1, 2026, to April 30, 2029. Total rent: RMB 17,174,569.68.
11. Determination of price and decision-making unit: Negotiation based on market conditions; approved by the Board of Directors.
12. Professional valuer: Not applicable.
13. Name of valuer: Not applicable.
14. Certificate number: Not applicable.
15. Limited/Specified/Special price report: No or not applicable.
16. Report not yet obtained: No or not applicable.
17. Reason for no report: Not applicable.
18. Major differences in results: Not applicable.
19. Audit firm: Not applicable.
20. Name of auditor: Not applicable.
21. Auditor certificate: Not applicable.
22. Broker and fees: None.
23. Specific purpose of acquisition: Operational needs.
24. Dissenting director's opinion: None.
25. Related party transaction: Yes.
26. Supervisor/Audit Committee approval date: April 24, 2026.
27. Acquisition from a related party: Yes.
28. Price evaluation (Art. 16): Not applicable.
29. Price evaluation (Art. 17): Not applicable.
30. Previous relevant material info: Not applicable.
31. Other notes: None.
2. Date of occurrence: April 24, 2026.
3. Date of board approval: April 24, 2026.
4. Other authorization date: Not applicable.
5. Transaction quantity, unit price, and total amount: Quantity: 46,317.61 square meters (approx. 14,011.08 ping). Monthly unit price: RMB 10.3 per square meter. Total contract rent: RMB 17,174,569.68. Right-of-use asset value: RMB 15,977,590.26.
6. Counterparty and relationship: Foxconn Precision Electronics (Taiyuan) Co., Ltd., an affiliate (related party).
7. Reason for choosing the related party: Group resource integration. Previous transfer details: Not applicable.
8. Owner information in the last 5 years: Not applicable.
9. Expected gain/loss: Not applicable for asset acquisition.
10. Payment terms and important covenants: Lease period: May 1, 2026, to April 30, 2029. Total rent: RMB 17,174,569.68.
11. Determination of price and decision-making unit: Negotiation based on market conditions; approved by the Board of Directors.
12. Professional valuer: Not applicable.
13. Name of valuer: Not applicable.
14. Certificate number: Not applicable.
15. Limited/Specified/Special price report: No or not applicable.
16. Report not yet obtained: No or not applicable.
17. Reason for no report: Not applicable.
18. Major differences in results: Not applicable.
19. Audit firm: Not applicable.
20. Name of auditor: Not applicable.
21. Auditor certificate: Not applicable.
22. Broker and fees: None.
23. Specific purpose of acquisition: Operational needs.
24. Dissenting director's opinion: None.
25. Related party transaction: Yes.
26. Supervisor/Audit Committee approval date: April 24, 2026.
27. Acquisition from a related party: Yes.
28. Price evaluation (Art. 16): Not applicable.
29. Price evaluation (Art. 17): Not applicable.
30. Previous relevant material info: Not applicable.
31. Other notes: None.