Foxconn Industrial Internet to cancel 1.28m restricted shares

Foxconn Industrial Internet Co. (FII) will repurchase and cancel 1,285,505 restricted shares on September 18, 2025. This action is due to various reasons, including certain incentive recipients no longer meeting the eligibility criteria of the 2019 equity incentive plan. Reasons include 122 individuals who left the company, 58 with unmet performance targets, two who passed away, one who became a supervisor, and one with a change in qualification.

The repurchased shares consist of 946,295 shares from individuals who left, 319,692 shares from those with unmet performance targets, 10,200 shares from deceased individuals, 8,190 shares from the supervisor, and 1,128 shares from individuals whose qualifications changed. In total, 184 incentive recipients are affected.

Following the cancellation, FII's total share capital will decrease by 1,285,505 shares, from 19,859,465,126 to 19,858,179,621. The number of restricted circulating shares will become zero, while unrestricted circulating shares remain unchanged at 19,858,179,621.