Subsidiary Futaihua Industrial (Shenzhen) Acquires Factory Right-of-Use Assets
Original: 代子公司富泰華工業(深圳)有限公司公告取得廠房之使用權資產
Summary
Hon Hai announces, on behalf of its subsidiary Futaihua Industrial (Shenzhen) Co., Ltd., the acquisition of right-of-use assets for factory premises — a lease recognition event under IFRS 16. Futaihua Shenzhen is a core Foxconn manufacturing entity responsible for assembling Apple and other major-brand devices. Full body available on MOPS.
Full Translation
Subject line translation: 'Announcing on behalf of subsidiary Futaihua Industrial (Shenzhen) Co., Ltd. the acquisition of right-of-use assets for factory/plant premises.' Under IFRS 16, 'right-of-use assets' (使用權資產) are recognised on the balance sheet when a lessee enters into or modifies a lease; this disclosure indicates that Futaihua Industrial (Shenzhen) — one of Foxconn's principal mainland China manufacturing subsidiaries and a key site for iPhone and consumer-electronics assembly — has entered into or extended a lease arrangement for factory space material enough to require a public announcement under TWSE/TPEx material-information rules. The disclosure is filed by the parent, Hon Hai Precision Industry Co., Ltd. (2317), on the subsidiary's behalf. [Body not available — subject line only. See MOPS for full announcement.]