Subject: Explain media reporting
1.Date of occurrence of the event: 2017/09/14
2.Company name: Hon Hai Precision Ind. Co. Ltd
3.Name of the reporting media: Economic Daily
4.Content of the report:
According to the mutual agreement between Nanjing Municipal Government and Hon Hai/Foxconn Group, the Group will establish handset manufacturing center, handset back-end module manufacturing center, LCD smart TV manufacturing and R&D center, semiconductor equipment manufacturing, smart device R&D center and supply chain logistic base, with total investment abount exceeding RMB37.5 billion (over NT$170 billion).
The projects are subject to the Board Meeting's approval and will be conducted in compliance with related regulations.
This information is provided by RNS