Foxconn Industrial Internet Co., Ltd. Announcement on the Implementation Results of Share Repurchase and Changes in Shareholdings

2026-04-02 09:09:12

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Stock Code: 601138 Stock Short Name: Industrial Foxconn Announcement No.: 2026-016

Foxconn Industrial Internet Co., Ltd. Announcement on the Implementation Results of the Share Repurchase and Changes in Shares

The Board of Directors and all directors of the Company hereby guarantee that the contents of this announcement contain no false records, misleading statements, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents of this announcement.

Key Information:

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I. Approval for the Repurchase and Contents of the Repurchase Plan

Foxconn Industrial Internet Co., Ltd. (hereinafter referred to as the “Company”) held the 20th meeting of the third session of the Board of Directors and the 16th meeting of the third session of the Supervisory Board on April 14, 2025, and considered and approved the Proposal on Repurchasing the Company’s Shares by Means of Centralized Competitive Trading. The Company held the 2025 First Extraordinary General Meeting of Shareholders on April 30, 2025 to approve the above proposal. The Company intends to use its own funds of not less than RMB 500 million (inclusive) and not more than RMB 1 billion (inclusive) to repurchase shares by means of centralized competitive trading. The repurchase price shall not exceed RMB 20.00 per share. The implementation period of the share repurchase shall be no more than 12 months from the date on which the repurchase plan is approved by the Company’s general meeting of shareholders.

Due to the Company’s implementation of the 2024 annual equity distribution, the upper limit of the repurchase price set out above, from not more than RMB 20.00 per share, was adjusted to not more than RMB 19.36 per share. The adjusted upper limit of the repurchase price became effective from July 31, 2025.

In view of the fact that the stock price of the Company increased, resulting in the upper limit of the repurchase price being lower than the Company’s share price in the secondary market, and based on confidence in the Company’s sustained and stable development in the future and recognition of the Company’s value, and at the same time in order to ensure the smooth implementation of this share repurchase plan, the Company, on November 26, 2025, convened the 29th meeting of the third session of the Board of Directors to consider and approve the Proposal on Adjusting the Upper Limit of the Repurchase Price, adjusting the upper limit of the repurchase price to not more than RMB 75.00 per share.

Due to the Company’s implementation of the 2025 interim equity distribution, the upper limit of the repurchase price set out above, from not more than RMB 75.00 per share, was adjusted to not more than RMB 74.67 per share. The adjusted upper limit of the repurchase price became effective from January 16, 2026.

For details, please refer to the relevant announcements disclosed by the Company on April 15, 2025, May 1, 2025, July 29, 2025, November 27, 2025, and January 9, 2026 on the website of the Shanghai Stock Exchange (www.sse.com.cn) and in designated media, including the Foxconn Industrial Internet Co., Ltd. Pre-plan on Repurchasing the Company’s Shares by Means of Centralized Competitive Trading (Announcement No.: 2025-020), the Foxconn Industrial Internet Co., Ltd. Repurchase Report on Repurchasing the Company’s Shares by Means of Centralized Competitive Trading (Announcement No.: 2025-036), the Foxconn Industrial Internet Co., Ltd. Announcement on Adjusting the Upper Limit of the Repurchase Price after the Implementation of the 2024 Annual Equity Distribution (Announcement No.: 2025-056), the Foxconn Industrial Internet Co., Ltd. Announcement on Adjusting the Upper Limit of the Repurchase Price (Announcement No.: 2025-085), the Foxconn Industrial Internet Co., Ltd. Announcement on Adjusting the Upper Limit of the Repurchase Price after the Implementation of the 2025 Interim Equity Distribution (Announcement No.: 2026-004), and other related announcements.

II. Circumstances of the Share Repurchase

(I) On May 16, 2025, the Company implemented the repurchase of shares for the first time, and on May 17, 2025 it disclosed the circumstances of the first share repurchase. For details, please refer to the announcement disclosed by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn) and in designated media, namely the Foxconn Industrial Internet Co., Ltd. Announcement on the First Implementation of Share Repurchase by Means of Centralized Competitive Trading (Announcement No.: 2025-038).

(II) As of the date of disclosure of this announcement, the Company’s share repurchase plan has reached the lower limit of the repurchase amount, and the repurchase has been completed. Through the trading system of the Shanghai Stock Exchange by means of centralized competitive trading, the Company cumulatively repurchased 14,103,497 shares, representing approximately 0.07% of the Company’s total share capital. The highest repurchase price was RMB 63.40 per share, and the lowest repurchase price was RMB 18.40 per share. The average repurchase price was RMB 35.45 per share. The total amount of funds used was RMB 500,001,384.95 (excluding transaction commissions, transfer fees, and other transaction costs).

(III) The number of shares actually repurchased by the Company this time, the repurchase prices, and the total amount of funds used are in compliance with the repurchase plan approved by the Board of Directors and the shareholders’ meeting. There is no discrepancy between the actual execution of this repurchase and the repurchase plan previously disclosed. The Company has completed the repurchase in accordance with the disclosed plan.

(IV) The sources of funds for this share repurchase are the Company’s own funds. This will not have a material impact on the Company’s daily operations, financial position, or future development. It will not result in the Company’s shareholding distribution failing to meet the listing requirements. It will not result in any change in the Company’s controlling rights.

III. Trading of Shares by Relevant Parties During the Repurchase Period

On April 15, 2025, the Company first disclosed the matter of share repurchase; for details, please refer to the Company’s pre-plan disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) and in designated media, namely the Foxconn Industrial Internet Co., Ltd. Pre-plan on Repurchasing the Company’s Shares by Means of Centralized Competitive Trading (Announcement No.: 2025-020).

From the date on which the Company first disclosed the matter of share repurchase to the date of disclosure of this announcement, neither the Company’s directors, senior management personnel, controlling shareholders, shareholders holding more than 5%, nor their persons acting in concert, nor the person(s) proposing the share repurchase have engaged in trading of the Company’s shares.

IV. Arrangements for Share Cancellation

The Company has, in accordance with relevant laws and regulations such as the Company Law, fulfilled the notification procedure to creditors regarding the cancellation of the repurchased shares and the resulting reduction of registered capital. For details, please refer to the Company’s announcement disclosed on May 1, 2025 on the website of the Shanghai Stock Exchange (www.sse.com.cn) and in designated media, namely the Foxconn Industrial Internet Co., Ltd. Announcement on Notification to Creditors Regarding the Reduction of Registered Capital by Canceling Repurchased Shares (Announcement No.: 2025-035). To date, the publicity period has expired after forty-five days. During this period, the Company has not received any objections from creditors regarding the cancellation of the repurchased shares and the reduction of registered capital, and it has not received any requests from creditors to claim repayment of debts from the Company or to provide corresponding guarantees.

Upon application by the Company, the Company will cancel the 14,103,497 shares repurchased in this round on March 31, 2026 at the Shanghai branch of China Securities Depository and Clearing Co., Ltd., and the Company will subsequently handle matters such as industrial and commercial change registration in accordance with the law.

V. Statement of Changes in Shares

The changes in the Company’s shares before and after this share repurchase and cancellation are as follows:

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Note:

On May 1, 2025, the Company disclosed the Foxconn Industrial Internet Co., Ltd. Repurchase Report on Repurchasing the Company’s Shares by Means of Centralized Competitive Trading (Announcement No.: 2025-036). The number of shares in the table under “Shares before this repurchase” is the number of shares as of the shareholding record date April 23, 2025 for the Company’s 2025 First Extraordinary General Meeting of Shareholders.
The number of tradable shares with limited selling conditions before this repurchase was 1,285,505 shares. On September 18, 2025, the Company repurchased and cancelled 1,285,505 shares of the 2019 stock option and restricted stock incentive plan that had been granted but not yet had restrictions lifted. As of the date of disclosure of this report, the number of tradable shares with limited selling conditions was 0.
From April 23, 2025 to December 31, 2025, the fifth exercisable period of the reserved-granted stock options (valid from November 18, 2024 to September 11, 2025) and the remaining fifth exercisable period of the reserved-granted stock options (valid from March 4, 2025 to December 31, 2025) are still within the exercise period. During the above period, the number of shares exercised by the equity incentive participants and completed the share transfer registration was 618,479 shares, corresponding to an increase of 618,479 shares in “Tradable shares with no selling restrictions.”

VI. Arrangements for the Handling of Repurchased Shares

In this repurchase, the Company repurchased a total of 14,103,497 shares, all of which were deposited in the Company’s dedicated securities account for share repurchase. According to the repurchase plan, all the shares repurchased in this round will be used for cancellation and reduction of registered capital. The Company will cancel the shares repurchased in this round at the Shanghai branch of China Securities Depository and Clearing Co., Ltd. Subsequently, the Company will handle matters such as industrial and commercial change registration in accordance with the law.

This announcement is hereby given.

Board of Directors of Foxconn Industrial Internet Co., Ltd.

March 31, 2026

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