Explain media reporting

Hon Hai Precision Industry Co Ld

11 May 2023

 

Subject: Explain media reporting

Date of events:2023/05/11

Contents:

1.Date of occurrence of the event:2023/05/11

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:

Hon Hai's 2023 Q1 Non-op losses was NT$20.1 billion. CFO David Huang said SHARP had to recognicze large asset impairments of JPY 219.7 bilion, approximately NT$50.5 billion in the annual report as of March 2023. Hon Hai has to recognize NT$17.3 billion of investment losses based on its shareholdings in SHARP.

7.Cause of occurrence: NA

8.Countermeasures:

In order to secure shareholder rights and benefits, Hon Hai has, as a large shareholder, officially asked SHARP to explain the large material losses as well as provide provisions going forward for improvement. If necessary, Hon Hai will also ask for an adjustment management team to improve operations of SHARP.

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

 

END