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.
FACT BOX
- Source: PR Times
- Category: Partnership