Last checked at 11 Aug 2020 11:49
Subject:Subsidiary, Foxconn Industrial Internet Co.,Ltd., announces of change accounting policy since January 1,2020.
Date of events:2020/08/10
Contents:
1.Date of board of directors resolution:2020/08/10
2.Nature of the change:Change in accounting policy
3.Reason for the change:
According to Announcement of the Ministry of Finance No. 22 of 2017 issued by the Ministry of Finance of China, the "Accounting Standards for Business Enterprises No. 14-Revenue" was revised.
4.Countermeasures:
According to the regulations of the Ministry of Finance of China, the revised accounting standards will be implemented on January 1,2020.
5.Any other matters that need to be specified:
This change in accounting policies complies with the relevant laws and regulations, and will not have a significant impact on the company's financial statements, operating results and cash flow, and there is no harm to the company and shareholders' interests.