Subject: HON HAI PRECISION IND. CO., LTD. announced the establishment of Kai-Hong Energy Co. together with CDIB Capital Group.

Date of events:2023/03/09

Contents:

1.Date of occurrence of the event:2023/03/09

2.Company name: Hon Hai Investment Advisers Co., Ltd.

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

  "subsidiaries"):subsidiaries

4.Reciprocal shareholding percentage:100%

5.Name of the reporting media: Press release of the Company

6.Content of the report:

HON HAI PRECISION IND. CO., LTD. (Foxconn) (TWSE: 2317) and CDIB Capital Group (CDIB) today signed a Memorandum of Understanding (MOU) to jointly establish Kai-Hong Energy Co. in the hope of leading the capital to invest in the sustainable development in the green energy industry, thus providing the much-needed green power for enterprises and meanwhile creating a relatively stable income stream. The total capital of the company is targeted at NT$6 billion.

ESG has become a leading trend in global development. With regards to the environment, industry has been working toward net zero carbon emissions and green energy adoption. However, in the absence of major companies to guide the way, the supply chain, while willing to respond, have struggled to find pathways. Therefore, Hon Hai, a leader in the electronics industry, together with CDIB, a professional investment firm, are laying out an innovative strategy for Taiwan's green energy investments by optimizing capital and industrial resources to fill both infrastructure and technical gaps in future green energy development. In the long term, we hope to integrate industry's electricity demand, investment institutions' financial expertise, and developers' green power supply to achieve a triple win.

7.Cause of occurrence: Clarification on the press release of the Company

8.Countermeasures:None

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