Foxconn industrial internet progresses with share repurchase program

Foxconn Industrial Internet Co., Ltd. (FII) has announced progress on its share repurchase program, initially proposed on April 15, 2025. The company's board and supervisory committee approved the plan, which was subsequently passed by shareholders on April 30, 2025. FII aims to repurchase shares using its own funds, targeting a total value between 500 million yuan and 1 billion yuan. The repurchase price was initially capped at 20.00 yuan per share but was adjusted to 19.36 yuan per share, effective July 31, 2025, following the 2024 annual equity distribution.

As of September 30, 2025, FII has repurchased 7,697,400 shares through concentrated bidding on the Shanghai Stock Exchange. This represents 0.04% of the company's total share capital. The aggregate amount spent on these repurchases totals 147,089,384.00 yuan, excluding transaction commissions and transfer fees.

The repurchases were executed at prices ranging from 18.40 yuan per share to 19.84 yuan per share. This initiative is primarily aimed at reducing the company's registered capital. FII has affirmed its commitment to adhere strictly to relevant regulations and will continue to make repurchase decisions based on market conditions within the stipulated timeframe, ensuring timely information disclosure to investors.