1. Event Date: July 27, 2026
2. Company Name: Foxconn Industrial Internet Co., Ltd.
3. Relationship to Parent Company: Subsidiary
4. Shareholding Ratio: 84.16%
5. Reason for Event:
The company's stock price has declined cumulatively by 20% over the past twenty consecutive trading days. Based on confidence in its future development prospects and recognition of its long-term value, the company aims to protect shareholder interests and strengthen investor confidence. After comprehensively assessing its financial condition and future profitability, and in accordance with relevant regulations, the company has decided to implement a share repurchase via centralized bidding transactions. This initiative is intended to align the market price of its shares with their intrinsic value and safeguard corporate and shareholder interests.
Purpose of Share Repurchase: To maintain corporate value and shareholder equity
Repurchase Fund Size: Total amount not less than RMB 1 billion (inclusive), not exceeding RMB 2 billion (inclusive)
Repurchase Price: Not exceeding RMB 103 per share
Repurchase Period: Up to three months from the date the board of directors approves the repurchase plan
Funding Source: Company's own funds
FACT BOX
- Source: PR Times
- Category: News