Hon Hai Prec.Ind.Co intend to sign a Cooperation Framework Agreement with Fiat Chrysler Automobiles NV. The subsidiary which is controlled directly or indirectly by Hon Hai (Subsidiary) will negotiate with Fiat Chrysler Automobiles NV to set up a joint venture which is owned 50%/50% by each party in order to develop and manufacture electric vehicles and engage in IOV (internet of vehicles) business. Hon Hai's directly shareholding in the Subsidiary will not exceed 40%. Effect on company finances and business (not applicable where rescinded): To develop and manufacture new generation battery electric vehicles through the integration of both parties' creative power, so as to augment the parties' competitive positions. Concrete purpose/objective (not applicable where rescinded): More future benefits will result from cooperation through the joint venture.