Explain media reporting

Subject:Explain media reporting

Date of events:2020/08/12

Contents:

1.Date of occurrence of the event:2020/08/12

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.Name of the reporting media:Bloomberg News

5.Content of the report:

China's Days as World's Factory Are Over, IPhone Maker Says

6.Countermeasures:

Foxconn hosts regular investor conference as part of our effort to continuously provide updates on our business operations and developments in the information communications industry and the global economy.  We do this to ensure that our shareholders understand our company's outlook and the context in which we are carrying out our business.

Contrary to some inaccurate media reports, statements made by members of our management team on the investor conference call held on August 12 were not referencing on any specific products or customers, or facilities. They were, instead, directed at providing the thoughts of our management team on the latest macro developments impacting our company and the global consumer electronics industry.

As a matter of policy and for reasons of commercial sensitivity, we do not comment on any aspect of our specific operations or any work for any customer. That has been our long-standing company position and that has not changed.