Hon Hai Precsn Regulatory News (HHPD)

Subject: Explain media reporting

Contents:

1.Date of occurrence of the event: 2019/01/22

2.Company name: Hon Hai Precision Ind. Co. Ltd.

3.Name of the reporting media: Commercial Times

4.Content of the report:

Nikki Asia new has enclosed,...Foxconn has expected to cut 100,000

seasonal jobs.

5.Countermeasures:

Foxconn has been a driver of transformation in smart manufacturing and is committed to the growth and skill enhancement of its workforce. Resources at Foxconn have consistently been applied and deployed in a way that supports our global operations, our customers' demands and critical research and development priorities. Such resource allocation and deployment are also being reviewed on a regular basis to ensure operational efficiency. Efforts are in progress to recruit for more than 50,000 positions across our China campuses in Q1 2019.