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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 AN INDIRECT 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 19 December 2019, TNS Mobile Oy (an indirect wholly-owned subsidiary of the Company, incorporated in Finland) ("TNS Mobile Oy") made a capital injection in TNS Mobile India Private Limited (a direct subsidiary of TNS Mobile Oy, incorporated in India) ("TNS Mobile India") in an aggregate amount of US$19,000,000 (equivalent to approximately INR1.3585 billion*) for various purposes including additional working capital (the "Capital Injection").
Subject to the completion of necessary formalities and procedures under the applicable Indian laws and regulations, it is currently expected that immediately following the Capital Injection, the total issued share capital of TNS Mobile India would be increased to approximately INR1,467,081,300*, 99.999993% of which would be held by TNS Mobile Oy (representing its acquisition of approximately additional 13,585,000 ordinary shares of INR100 each in TNS Mobile India).
The principal activities of TNS Mobile India are sales, import and export, distribution, repair and handling of consumer electronics for mobile and communications (including, but not limited to, communications equipment, wearable devices, e-books, and wireless and radio frequency devices).
The Capital Injection does not constitute a notifiable transaction or a connected transaction for the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
By Order of the Board
CHIH Yu Yang
Acting Chairman
Hong Kong, 19 December 2019
As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Mr. CHIH Yu Yang, Mr. WANG Chien Ho and Dr. KUO Wen-Yi; and three independent non-executive directors, namely Mr. LAU Siu Ki, Dr. Daniel Joseph MEHAN and Mr. TAO Yun Chih.
- For the purposes of this announcement, US$ is currently translated into INR at an exchange rate of US$1.00=INR71.50
- For identification purposes only