Explain media reporting

Subject: Explain media reporting

Contents:

1.Date of occurrence of the event: 2019/02/01

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

3.Name of the reporting media: Liberty Times

4.Content of the report:

Foxconn said that it will remain committed to the Wisconsin Valley Science and Technology Park project and is re-evaluating the project.

5.Countermeasures:

Foxconn is continuing its Wisconsin project. The company remains committed to its long-term investment and creating 13,000 jobs in Wisconsin.

All interactions to date with Governor Evers and his team have been constructive and we look forward to further discussions as we continue to invest in American talent and broaden the base of our investment within the State of Wisconsin.

While Foxconn's need to be responsive to the global market environment has necessitated a reconsideration of which technology will best suit the needs of its customers, its commitment to the construction of the Wisconn Valley Science and Technology Park campus and the creation of 13,000 jobs in Wisconsin remain unchanged. Foxconn will be moving forward with plans to build an advanced manufacturing facility in Wisconsin. In the next 18 months, Foxconn plans to construct:

a) A liquid crystal module backend packaging plant

b) A high precision molding factory

c) A system integration assembly facility

d) A rapid prototyping center to help startups to test out their hardware ideas and concepts which will go in line with building the AI 8K+5G ecosystem

e) A research and development center

f) A high-performance data center inside the park or in the vicinity

g) A town center to support the people working in the Wisconn Valley Park

We look forward to continued investment in American talent as we build the AI 8K + 5G ecosystem we are creating in Wisconsin and the US. Further updates will be shared in due course.