CDF, on behalf of CDIB Capital Management Corporation, announced to sign a Memorandum of Understanding (MOU) with HON HAI PRECISION IND. CO., LTD.

2023-03-09
Announcements

Date of announcement 2023/03/09
Time of announcement  16:30:37
Date of events 2023/03/09
To which item it meets paragraph 51

1.Date of occurrence of the event:2023/03/09
2.Company name:CDIB Capital Management Corporation.
3.Relationship with the Company (please enter ”the company itself” or
”subsidiaries”):subsidiaries
4.Reciprocal shareholding percentage:Not applicable
5.Name of the reporting media:Press release of CDIB Capital Group
6.Content of the report:
  CDIB Capital Group (CDIB) together with HON HAI PRECISION IND. CO., LTD.
  (Foxconn) (TWSE: 2317) today signed a Memorandum of Understanding (MOU)
  to jointly establish Kai-Hong Energy Co. in the hope of leading the
  capital to invest in the sustainable development in the green energy
  industry, thus providing the muchneeded green power for enterprises and
  meanwhile creating a relatively stable income stream. The total capital
  of the company is targeted at NT$6 billion.
  ESG has become one of the global development trends along with an
  outsized influence on industry practices and direction, in terms of
  environment, among which are net zero carbon emission and the adoption
  of green power. However, the lack of leading enterprises to take the
  lead has made the supply chain willing to respond, but struggling to
  find ways. Therefore, a leader in the electronic industry, Foxconn,
  together with CDIB, a professional investment firm, have laid out an
  innovative strategy for Taiwan's green energy investment by optimizing
  capital and industrial resources to fill both infrastructure and
  technical gaps in the future green energy development. In the long term,
  we hope to synergize the industrial electricity demand, institutional
  financial expertise, and the developer’s green power, thus achieving a
  triple-win situation.
7.Cause of occurrence:
Clarification on the press release of CDIB Capital Group
8.Countermeasures:N/A
9.Any other matters that need to be specified:N/A