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Last checked at 
1 Oct 2019 12:45
Subject: Explain media reporting
Contents:
1.Date of occurrence of the event: 2019/09/30
2.Company name: Hon Hai Precision Ind. Co. Ltd.
3.Name of the reporting media: United Daily News
4.Content of the report:
Hon Hai Precision Industry Co., Ltd did not borrow RMB 1.2 trillion from banks in China. Any allegations to the contrary are without foundation.
5.Countermeasures:
Recently, totally inaccurate online rumors were circulated alleging that Mr. Terry Gou Tai-ming owes money to banks in China and his China-based assets have been frozen by Chinese authorities, forcing Mr. Gou to run for the Taiwan presidency.
There is absolutely no truth to this unfounded rumor and Hon Hai Precision Industry Co., Ltd issues clarifications to these false claims:
(1) Hon Hai Precision Industry Co., Ltd did not borrow RMB 1.2 trillion from banks in China. Any allegations to the contrary are without foundation.
(2) The group and all of its factories are operating well. We are currently expanding our workforce so any allegations to the contrary are untrue.
(3) The operation of our plants in Vietnam and India are smooth and on track. There have been no incidents of any kind associated with these facilities.
(4)An investment in an SDP panel plant in Zengcheng was a personal investment made by our founder and Hon Hai Precision Industry Co., has no involvement in that project.
(5) The company has been working hard to enhance our global competitiveness while also providing employment opportunities and maximizing tax revenues for Taiwan since Hon Hai Precision Industry Co., Ltd was founded 45 years ago.
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