Hon Hai completes equity restructuring transactions

Hon Hai Precision Industry Co Ltd's subsidiaries completed equity restructuring transactions involving Joyspeed Global Cargo (China) Limited, Jusda Supply Chain Management International Co., Ltd., and HCM International Company. Joyspeed Global Cargo disposed of its equity in Shanghai Joyspeed Global Cargo Co., Ltd. for RMB 86 million, generating a gain of RMB 4.4 million. Jusda acquired the Shanghai Joyspeed equity for RMB 86 million and made an additional cash capital increase of RMB 550 million, totaling RMB 636 million. Following the transaction, Jusda holds 100% of Shanghai Joyspeed Global Cargo. The purpose of the transaction was to optimize the group's equity structure, funded through self-owned capital. HCM International disposed of 2,632,833 common shares in Figure Technology Solutions, Inc., representing a 1.18% shareholding valued at $80.9 million. The disposal was aimed at realizing investment profits. All three transactions were decided through negotiation based on market quotations and approved by respective boards of directors. The transactions represent 0.47% of Hon Hai’s total assets and 0.96% of owners’ equity based on the most recent financial statements. CPAs from Yangji CPAs and ATAX Accounting Firm reviewed the transactions and did not issue unreasonable opinions.