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FIH Mobile Limited
富智康集團有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 2038)
CAPITAL INJECTION IN A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
This announcement is made by FIH Mobile Limited (the "Company") on a voluntary basis. Pursuant to applicable disclosure requirements laid down by the Taiwan Stock Exchange Corporation, Hon Hai Precision Industry Co. Ltd.* (the Company's ultimate controlling shareholder whose shares are listed on the Taiwan Stock Exchange Corporation) is required to make an announcement regarding the subject matter of this announcement. In order to facilitate timely dissemination of information to investors and potential investors in Hong Kong and Taiwan, the Company would like to make this announcement simultaneously upon such disclosure in Taiwan.
It is hereby announced that on 4 December 2019, Wonderful Stars Pte. Ltd. (an indirect wholly-owned subsidiary of the Company incorporated in Singapore) ("Wonderful Stars") will make a capital injection in Rising Stars Mobile India Private Limited (a direct subsidiary of Wonderful Stars incorporated in India) ("Rising Stars") in an aggregate amount of US$99,999,995 (equivalent to INR7,149,999,643) for various purposes including business expansion and additional working capital (the "Capital Injection").
Subject to the completion of necessary formalities and procedures under the applicable Indian laws and regulations, immediately following the Capital Injection, the total issued share capital of Rising Stars would be increased to INR23,809,449,800, 99.97% of which would be held by Wonderful Stars (representing its acquisition of additional 71,499,996 ordinary shares of INR100 each in Rising Stars), whereas the remaining 0.03% of which would be held by Aptech Electronics Pte. Ltd., another indirect wholly-owned subsidiary of the Company incorporated in Singapore (representing its acquisition of additional 3 ordinary shares of INR100 each in Rising Stars).
The principal activities of Rising Stars are the manufacture of mobile phones, telecommunication devices and electronic products, together with the related software licensing and programming.
The Capital Injection does not constitute a notifiable transaction or a connected transaction for the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
By Order of the Board
CHIH Yu Yang
Acting Chairman
Hong Kong, 2 December 2019
As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Mr. CHIH Yu Yang, Mr. WANG Chien Ho and Dr. KUO Wen-Yi; and three independent non-executive directors, namely Mr. LAU Siu Ki, Dr. Daniel Joseph MEHAN and Mr. TAO Yun Chih.
- For identification purposes only