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Pin to quick picksHon Hai Precsn Regulatory News (HHPD)

Share Price Information for Hon Hai Precsn (HHPD)

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Share Price: 10.40
Bid: 10.12
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Change: -0.06 (-0.57%)
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Supplement-Subsidiary has been temporarily suspend

16 Mar 2022 14:12

RNS Number : 0157F
Hon Hai Precision Industry Co Ld
16 March 2022
 

Subject: (Supplement) The operation of Foxconn campus in Shenzhen China has been temporarily suspended from 3/14 in response to the requirement from Shenzhen City Government

Date of events:2022/03/16

Contents:

1.Date of occurrence of the event:2022/03/16

2.Company name:

FuTaiHua Industrial (ShenZhen) Limited, Shenzhenshi Yuzhan Precision Technology Co., Ltd., Shenzhen Fulian Fugui Precision Industrial Co., Ltd., Triple Win Technology(ShenZhen) Co., Ltd., ShenZhen FuTaiHong Precision Industrial Co., Ltd…etc. and incuding any other subsidiaries in Shenzhen Longhua or Guanlan campus.

3.Relationship to the Company (please enter "head office" or "subsidiaries"):subsidiaries

4.Reciprocal shareholding ratios:50%~100%

5.Cause of occurrence:

The operation of Foxconn campus in Shenzhen China, including FuTaiHua Industrial (ShenZhen) Limited, Shenzhenshi Yuzhan Precision Technology Co., Ltd., Shenzhen Fulian Fugui Precision Industrial Co., Ltd., Triple Win Technology(ShenZhen) Co., Ltd., ShenZhen FuTaiHong Precision Industrial Co., Ltd…etc. has been suspended from March 14 onwards in compliance with the local government's new COVID-19 policy. The date of factory resumption is to be advised by the local government.

6.Countermeasures:

Consistent with Foxconn's focus on protecting the health and safety of its employees, the company has begun applying a closed-loop management process at its campuses in Shenzhen, China.

This process, which can only be done on campuses that include both employee housing and production facilities, adheres to strict industry guidelines and close-loop management policies issued by the Shenzhen Government. The company is also closely following and applying the government's pandemic prevention measures.

In applying this closed-loop management process within the Shenzhen campus and in implementing the required health measures for the employees who live on campus, some operations have been able to restart and some production is being carried out at that campus. The company will continue to work closely with the relevant authorities in monitoring these operations very closely.

 

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