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On March 7, 2025, Hon Hai Precision Ind. Co., Ltd. issued a correction disclosure regarding the provision of guarantees for its subsidiary, Foxconn Singapore Pte Ltd, and revisions to its Q2 and Q3 2024 consolidated financial reports. The corrections updated highest facility limits for guarantees from May to December 2024, with figures now ranging from NTD38,880,000,000 to NTD39,408,000,000, where some previous disclosures were lower or stated as "None." Additionally, the revised reports for Q2 and Q3 2024 include updated details for Q2 2023 and Q3 2023, showing maximum endorsement and guarantee balances up to NTD39,408,000,000 with NTD0 actual amounts disbursed for Foxconn Singapore Pte Ltd.
| Date | 7 Mar 2025 |
| Time | 10:54:10 |
| Category | Miscellaneous |
| ID | 8471Z |
Subject: Correction Disclosure on Provision of Guarantees for Subsidiaries from May to December 2024, Consolidated Financial Reports -and iXBRL Revisions for Q2 & Q3 2024
Contents:
1.Date of occurrence of the event:2025/03/07
2.Company name: Hon Hai Precision Ind. Co., Ltd.
3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself
4.Reciprocal shareholding percentage: NA
5.Cause of occurrence:
(1)Correction disclosure on making of guarantee of subsidiary from May 2024 to December 2024
(2)Provision of endorsements and guarantees to others in consolidated financial statements for Q2 2024
(3)Provision of endorsements and guarantees to others in consolidated financial statements for Q3 2024
6.Information items/ statements to be corrected:
(1)Correction disclosure on making of guarantee of subsidiary from May 2024 to December 2024
(2)Provision of endorsements and guarantees to others in consolidated Financial statements for Q2 2024
(3)Provision of endorsements and guarantees to others in consolidated financial statements for Q3 2024
7.Amounts/ contents/ number of page to be corrected:
(1)May to October 2024: None
(2)November 2024:highest facility limit is NTD38,964,000,000
(3)December 2024:highest facility limit is NTD39,348,000,000
(4)Consolidated Financial statements for Q2 & Q3 2024: None
8.Amounts/ contents/ number of page after correction:
Guarantee to Foxconn Singapore Pte Ltd
(1)in May 2024:highest facility limit is NTD38,880,000,000; ending balance of facility limit is NTD38,880,000,000; actual outstanding loan amount is NTD0
(2)in June 2024:highest facility limit is NTD38,940,000,000; ending balance of facility limit is NTD38,940,000,000; actual outstanding loan amount is NTD0
(3)in July 2024:highest facility limit is NTD39,408,000,000; ending balance of facility limit is NTD39,408,000,000 ; actual outstanding loan amount is NTD0
(4)in August 2024:highest facility limit is NTD39,408,000,000; ending balance of facility limit is NTD38,328,000,000; actual outstanding loan amount is NTD0
(5)in September 2024:highest facility limit is NTD39,408,000,000; ending balance of facility limit is NTD37,980,000,000; actual outstanding loan amount is NTD0
(6)in October 2024:highest facility limit is NTD39,408,000,000; ending balance of facility limit is NTD38,448,000,000; actual outstanding loan amount is NTD0
(7)in November 2024:highest facility limit is NTD39,408,000,000
(8)in December 2024:highest facility limit is NTD39,408,000,000
(9)Table 2 for Provision of endorsements and guarantees to others for Q2 2023 of Consolidated Financial Statements:
Endorsing Company: Hon Hai Precision Ind. Co., Ltd.
Endorsed Company: Foxconn Singapore Pte Ltd
Endorsement and Guarantee Limit for a Single Enterprise:
NTD763,208,415,000
Maximum Endorsement and Guarantee Balance and End-of-Period
Amount for This Period: NTD38,940,000,000
Actual Amount Disbursed: NTD0
Cumulative Endorsement and Guarantee Amount as a Percentage of Net
Value in the Most Recent Financial Statement:2.55%
Maximum Limit of Endorsement and Guarantee:
NTD1,526,416,829,000
Endorsements and Guarantees from Parent Company to Subsidiary: Y
Endorsements and Guarantees from Subsidiary to Parent Company: N
Endorsements and Guarantees for the Mainland China Region: N
Note:4,11,12
(10)Table 2 for Provision of endorsements and guarantees to others for Q3 2023 of Consolidated Financial Statements:
Endorsing Company: Hon Hai Precision Ind. Co., Ltd.
Endorsed Company: Foxconn Singapore Pte Ltd
Endorsement and Guarantee Limit for a Single Enterprise: NTD798,164,813,000
Maximum Endorsement and Guarantee Balance: NTD39,408,000,000
End-of-Period Amount for This Period: NTD37,980,000,000
Actual Amount Disbursed: NTD0
Cumulative Endorsement and Guarantee Amount as a Percentage of Net Value in the Most Recent Financial Statement:2.38%
Maximum Limit of Endorsement and Guarantee: NTD1,596,329,625,000
Endorsements and Guarantees from Parent Company to Subsidiary: Y
Endorsements and Guarantees from Subsidiary to Parent Company: N
Endorsements and Guarantees for the Mainland China Region: N
Note:4,12,13
9.Countermeasures: Upload the revised information, consolidated financial reports and iXBRL to the MOPS after material information announcement is made
10.Any other matters that need to be specified:
Foxconn Singapore Pte Ltd (hereinafter referred to as: FOXSIN), eCMMS Precision Singapore Pte. Ltd., and Falcon Precision Trading Pte. Ltd. jointly apply for a unified credit limit, sharing the Foxconn guaranteed amount of USD1.2 billion. Currently, FOXSIN is disclosed as the guaranteed party. When any of the companies incur actual bank debts, the corresponding amounts will be disclosed.