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Explain media reporting

15th Jul 2022 07:00

RNS Number : 5813S
Hon Hai Precision Industry Co Ld
15 July 2022
 

Subject:Explain media reporting

Contents:

1.Date of occurrence of the event:2022/07/14

2.Company name:Hon Hai Precision Industry Co., Ltd.

3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself

4.Reciprocal shareholding percentage:NA

5.Name of the reporting media:Liberty Times

6.Content of the report:

… Hon Hai acquired 17.8% stakes of Tsinghua Unigroup

The Ministry of Economic Affairs (MOEA) said yesterday that when Foxconn Industrial Internet went public in China, there were additional conditions. Once the matters that need to be approved, it must be reviewed. In addition, the investment amount of more than USD$50 million must be reviewed by the key technology team. Hon Hai has been informed to file an application, but no case has yet been received by MOEA.

7.Cause of occurrence:NA

8.Countermeasures:

Regarding this investment case, the company will submit the application to the Investment Commission, Minister of Economic Affairs in accordance with the regulations in the near future.

9.Any other matters that need to be specified:None

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