Foxconn Industrial Internet progresses with share repurchase, reducing capital

Foxconn Industrial Internet Co., Ltd. (FII) has announced the progress of its share repurchase program. As of August 31, 2025, FII has cumulatively repurchased 7,697,400 shares through concentrated competitive bidding on the Shanghai Stock Exchange, representing 0.04% of its current total share capital. The total amount spent on the repurchase, excluding transaction commissions and transfer fees, is RMB 147,089,384.00. The highest price paid for a repurchase was RMB 19.84 per share, while the lowest was RMB 18.40 per share.

The share repurchase program was initially proposed by the board on April 15, 2025, and approved by shareholders on April 30, 2025. The program aims to repurchase shares worth between RMB 500 million and RMB 1 billion over a period from April 30, 2025, to April 29, 2026. The primary purpose of this repurchase is to reduce the company's registered capital.

Following the implementation of the 2024 annual equity distribution, the maximum repurchase price was adjusted from RMB 20.00 per share to RMB 19.36 per share, effective July 31, 2025. The company stated it would continue to execute the repurchase within the specified timeframe, adhering to relevant regulations and disclosure requirements.