Explain media reporting

Subject: Explain media reporting

1.Date of occurrence of the event:2016/02/27

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

3.Name of the reporting media:ChinaTimes

4.Content of the report:

Nikkei reports that Hon Hai and Sharp have postponed the date

of signing agreement from February 29 to March 7.

5.Countermeasures:

Foxconn and Sharp have not set a signing date. Both companies

are working hard to reach a satisfactory agreement as soon as

practically possible.