29th Dec 2016 11:11
No.1
Subject: Subsidiary Henan Yuzhan Precision Technology CO. LTD. Obtain of Fixed Asset
Date of events: 2016/12/29
Contents:
1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City):
Building:
Building B02, B06, B07 and B15 of District B, South of Kanger Road, East of Fuer Street, Comprehensive Bonded Zone, Zhengzhou City, Henan Province
Land:
District B, South of Kanger Road, East of Fuer Street, Comprehensive Bonded Zone, Zhengzhou City, Henan Province
2.Date of the occurrence of the event: 2016/12/29
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:
Building:
Transaction volume: 102,643.68㎡, convert into 31,049.71 Ping
Unit price: RMB1,980.78
Total transaction price:RMB203,314,600
Land:
Transaction volume: 85,848㎡, convert into 25,969.02 Ping
Unit price: RMB489
Total transaction price:RMB41,979,700
4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):
Hongfujin Precision Electronics (ZhengZhou) Co., LTD.; parent and subsidiary
companies
5.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
(1)The closing date is Dec. 31, 2016. On the closing date, Seller shall convey the title to the property to Purchaser.
(2)Upon closing, Purchaser becomes the legitimate owner of the property with full right and obligation under the applicable laws regarding the property, and Seller terminates owning such property and bearing any further obligations or risk of loss in connection with the property, regardless of whether or not the conveyance of title is registered by then.
(3)After the transactional agreement becomes effective, Seller shall continue assisting Purchaser to acquire the certificate of title to the property and register its title and ownership right to the property with the governing authority.
6.The manner of deciding on this transaction (such as tender invitation, price comparison, or price negotiation), the reference basis for the decision on price and the decision-making department:
Based on the valuation report of china enterprise Appraisals Co.,Ltd.;
Board of director
7.Name of the professional appraisal institution and its appraisal amount:
China enterprise Appraisals Co.,Ltd；RMB245,294,300
Henan Guang ming Asset Appraisal Company Ltd.；RMB 243,818,628
8.Concrete purpose or use of the acquisition or disposal:
Operation requirement
No.2
Subject: Subsidiary Hongfujin Precision Electronics (ZhengZhou) Co., LTD. disposal of Fixed Asset
Date of events: 2016/12/29
Contents:
1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City):
Building:
Building B02, B06, B07 and B15 of District B, South of Kanger Road, East of Fuer Street, Comprehensive Bonded Zone, Zhengzhou City, Henan Province
Land:
District B, South of Kanger Road, East of Fuer Street, Comprehensive Bonded Zone, Zhengzhou City, Henan Province
2.Date of the occurrence of the event: 2016/12/29
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:
Building:
Transaction volume: 102,643.68㎡, convert into 31,049.71 Ping
Unit price: RMB1,980.78
Total transaction price:RMB203,314,600
Land:
Transaction volume: 85,848㎡, convert into 25,969.02 Ping
Unit price: RMB489
Total transaction price:RMB41,979,700
4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):
Henan Yuzhan Precision Technology CO. LTD.;parent and subsidiary
companies
5.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
(1)The closing date is Dec. 31, 2016. On the closing date, Seller shall convey the title to the property to Purchaser.
(2)Upon closing, Purchaser becomes the legitimate owner of the property with full right and obligation under the applicable laws regarding the property, and Seller terminates owning such property and bearing any further obligations or risk of loss in connection with the property, regardless of whether or not the conveyance of title is registered by then.
(3)After the transactional agreement becomes effective, Seller shall continue assisting Purchaser to acquire the certificate of title to the property and register its title and ownership right to the property with the governing authority.
6.The manner of deciding on this transaction (such as tender invitation, price comparison, or price negotiation), the reference basis for the decision on price and the decision-making department:
Based on the valuation report of china enterprise Appraisals Co.,Ltd.;
Board of director
7.Name of the professional appraisal institution and its appraisal amount:
China enterprise Appraisals Co.,Ltd；RMB245,294,300
Henan Guang ming Asset Appraisal Company Ltd.；RMB 243,818,628
8.Concrete purpose or use of the acquisition or disposal:
Operation requirement
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