Explain media reporting

Subject: Explain media reporting

Contents:

1.Date of occurrence of the event:2022/09/14

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:Economic Daily

6.Content of the report:

Media reports stated that Hon Hai and Indian multinational conglomerate Vedanta signed an MOU Tuesday on establishing semiconductor and display factories in Gujarat, the home state of India Prime Minister Narendra Modi, in an investment scale of US$20 billion (approx NT$622 billion).

The reports stated that the first stage is expected to involve investment of US$6 billion to US$8 billion to set up a 12-inch wafer fab to produce 28-nanometer chips, which would be another step for Hon Hai Group's automotive semiconductor footprint.

7.Cause of occurrence:NA

8.Countermeasures:

(1)The investment scale of US$20 billion reported by the media is the overall investment plan of Indian partners, including semiconductor and display factories. It is the semiconductor project that the Group plans to participate in. The investment in displays are unrelated to the company itself and subsidiaries

(2)The company itself and subsidiaries currently only expects to invest US$118.7 million to participate in the semiconductor project, as earlier disclosed. Reports about a first phase investment ofUS$6 billion to US$8 billion are based on media speculation.

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