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Hon Hai Precision Industry Co Ld's subsidiaries, Foxconn EV Property Development LLC, Foxconn EV Asset Management LLC, and Foxconn EV System LLC, disposed of land, buildings, and machinery and equipment. These assets were sold to CRESCENT DUNE LLC on August 4, 2025, for a combined total transaction price of USD 375,000,000. The disposals are projected to result in a total gain of USD 169,366,097.90 across the three transactions.
| Date | 4 Aug 2025 |
| Time | 11:13:58 |
| Category | Miscellaneous |
| ID | 8553T |
No:1
Subject: Announcement of disposal of Land and buildings on behalf of subsidiary Foxconn EV Property Development LLC
Date of events:2025/08/04
Contents:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):
Land and buildings located at 2300 Hallock Young Road, Lordstown, Ohio, USA
2.Date of occurrence of the event:2025/08/04
3.Date of the board of directors resolution:2025/08/04
4.Other approval date: NA
5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
Land: 599.586 acres ; Price per unit: USD 7.92/square meters
Building: 6,043,482 square feet; Price per unit: USD 122.55/square meters
Transaction price: USD 88,000,000
6.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):CRESCENT DUNE LLC；None
7.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
8.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:
The date of acquisition : 2023/03/06
The price of acquisition : USD 19,500,000 of Land, USD 59,200,000 of
Building, Total: USD 78,700,000
Relationship with the Company: parent and subsidiary companies
9.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):USD 15,691,907
10.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:
According to the provisions of the asset sales contract signed by the buyer and seller
11.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；According to market conditions；Board of Directors
12.Name of the professional appraisal firm or company and its appraisal price:
(1) CBRE；USD 88,000,000
(2) Moegenburg Research, Inc.；USD 90,650,000
13.Name of the professional appraiser:
(1) CBRE：Joshua Hanna & Mason Shelby
(2) Moegenburg Research, Inc.：Peter A. Moegenburg
14.Practice certificate number of the professional appraiser:
(1) Joshua Hanna & Mason Shelby：2019003105 & 20080000978
(2) Peter A. Moegenburg：2004011664
15.The appraisal report has a limited price, specific price, or special price:No
16.An appraisal report has not yet been obtained: No
17.Reason for an appraisal report not being obtained: NA
18.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA
19.Name of the CPA firm: NA
20.Name of the CPA:NA
21.Practice certificate number of the CPA:NA
22.Broker and broker's fee: None
23.Concrete purpose or use of the acquisition or disposal:
Asset revitalization to optimize the site's product portfolio and operational performance.
24.Any dissenting opinions of directors to the present transaction: No
25.Whether the counterparty of the current transaction is a related party: No
26.Date of ratification by supervisors or approval by the audit committee: NA
27.The transaction is to acquire a real property or right-of-use asset from a related party: NA
28.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA
29.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
30.Date on which material information regarding the same event has been previously released: NA
31.Any other matters that need to be specified: None
No:2
Subject: Announcement of disposal of machinery and equipment on behalf of subsidiary Foxconn EV Asset Management LLC
Date of events:2025/08/04
Contents:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):machinery and equipment
2.Date of occurrence of the event:2025/08/04
3.Date of the board of directors resolution:2025/08/04
4.Other approval date: NA
5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
Transaction amount: One batch;
Total transaction amount: USD 257,000,000
6.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):CRESCENT DUNE LLC；None
7.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
8.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:
The date of acquisition : 2022/12/15
The price of acquisition : USD 168,952,593
Relationship with the Company: parent and subsidiary companies
9.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):USD 151,236,893
10.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:
According to the provisions of the asset sales contract signed by the buyer
and seller
11.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: NA
12.Name of the professional appraisal firm or company and its appraisal price: NA
13.Name of the professional appraiser: NA
14.Practice certificate number of the professional appraiser: NA
15.The appraisal report has a limited price, specific price, or special price: NA
16.An appraisal report has not yet been obtained: NA
17.Reason for an appraisal report not being obtained: NA
18.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA
19.Name of the CPA firm: NA
20.Name of the CPA:NA
21.Practice certificate number of the CPA:NA
22.Broker and broker's fee: None
23.Concrete purpose or use of the acquisition or disposal:
Asset revitalization to optimize the site's product portfolio and
operational performance.
24.Any dissenting opinions of directors to the present transaction: No
25.Whether the counterparty of the current transaction is a related party: No
26.Date of ratification by supervisors or approval by the audit committee: NA
27.The transaction is to acquire a real property or right-of-use asset from a related party: NA
28.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA
29.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
30.Date on which material information regarding the same event has been previously released: NA
31.Any other matters that need to be specified: None
No:3
Subject: Announcement of disposal of machinery and equipment on behalf of subsidiary Foxconn EV System LLC
Date of events:2025/08/04
Contents:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):machinery and equipment
2.Date of occurrence of the event:2025/08/04
3.Date of the board of directors resolution:2025/08/04
4.Other approval date: NA
5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
Transaction amount: One batch;
Total transaction amount: USD 30,000,000
6.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):CRESCENT DUNE LLC；None
7.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
8.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:
The date of acquisition : 2023/03/06
The price of acquisition : USD 9,286,757.12
Relationship with the Company: parent and subsidiary companies
9.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):USD 2,437,297.90
10.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:
According to the provisions of the asset sales contract signed by the buyer and seller
11.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: NA
12.Name of the professional appraisal firm or company and its appraisal price: NA
13.Name of the professional appraiser: NA
14.Practice certificate number of the professional appraiser: NA
15.The appraisal report has a limited price, specific price, or special price: NA
16.An appraisal report has not yet been obtained: NA
17.Reason for an appraisal report not being obtained: NA
18.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA
19.Name of the CPA firm: NA
20.Name of the CPA:NA
21.Practice certificate number of the CPA:NA
22.Broker and broker's fee: None
23.Concrete purpose or use of the acquisition or disposal:
Asset revitalization to optimize the site's product portfolio and operational performance.
24.Any dissenting opinions of directors to the present transaction: No
25.Whether the counterparty of the current transaction is a related party: No
26.Date of ratification by supervisors or approval by the audit committee: NA
27.The transaction is to acquire a real property or right-of-use asset from a related party: NA
28.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NA
29.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
30.Date on which material information regarding the same event has been previously released: NA
31.Any other matters that need to be specified: None