Explain media reporting

Subject: Explain media reporting

Contents:

1.Date of occurrence of the event: 2018/11/28

2.Company name: Hon Hai Precision Ind. Co. Ltd

3.Name of the reporting media: Liberty Time

4.Content of the report:

Two subsidiaries of computer electronics manufacturer

Foxconn Technology Group plan to lay off employees. Q-Edge Corp. and Foxconn/Hon Hai Logistics California LLC notified state officials of the impendinglayoffs on last Wednesday ."due to changes in our business and productionobjectives." The company says. that majority of the affected positionsinclude manufacturing and assembly employees.

5.Countermeasures:

We can confirm that an Indiana-based subsidiary of our firm that carries out assembly operations for a number of customers is carrying out a restructuring of its operations due to changing product requirements from customers. As a matter of company policy, we do not comment on our customers or their products, but we can say that this difficult process is being carried out in full compliance with all relevant laws and regulations. This action has no impact on any other Foxconn-related company. The facility will continue to operate with reduced staff levels.