Hon Hai reappoints chairperson and committee members

TAIPEI - Hon Hai (TW:2317) Precision Industry Co., Ltd., widely known as Foxconn (SS:601138), announced Thursday the re-election of its chairperson and the reappointment of members to its key committees following the expiration of their terms. The resolutions were made during the Board of Directors meeting on the same day.

Liu Young-Way, who has served as chairman and president of Hon Hai, as well as holding various other leadership positions across the tech and automotive sectors, will continue in his role as chairperson of the company. His extensive resume includes chairmanships at Jinding Precision Technology Co., Ltd., Foxtron Vehicle Technologies Co., Ltd., and Sharp (OTC:SHCAY) Corporation, among others. The re-election comes as Liu’s previous term expired, and the effective date for his new appointment is also Thursday.

Additionally, the 6th Term Remuneration Committee members and the 3rd Term Corporate Governance and Nomination Committee members were appointed, with no changes in personnel. Wang Kuo-Cheng, Hwang Tsing-Yuan, and Chen Yue-Min will maintain their positions on the Remuneration Committee. Similarly, the Corporate Governance and Nomination Committee will continue to include Wang Kuo-Cheng, Hwang Tsing-Yuan, and Liu Len-Yu.

The announcement revealed no significant changes in the composition of the committees or leadership, indicating a period of stability for the company. The members’ previous terms were set to expire on June 30, 2025, but the reappointments took effect on the date of the board meeting.

Hon Hai Precision Industry Co., Ltd. is a key player in the global electronics manufacturing services industry and has significant involvement in the development of electric vehicles through its Foxtron joint venture. The stability in its executive leadership and committee memberships suggests continuity in its strategic direction.

The information disclosed is based on a press release statement and adheres to the requirements of Article 7, subparagraph 6 of the Securities and Exchange Act Enforcement Rules, which addresses the impact on shareholder rights or the price of securities for public companies. The company has specified that there are no additional matters that need to be disclosed regarding these appointments.

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