Hon Hai / Sharp Joint Press Conference

On April 2, Sharp held a Joint Press Conference with Hon Hai Technology Group announcing the share subscription agreement with Hon Hai Technology Group as the third-party allottee in connection with the capital increase through third-party allotment.

Terry Gou, Chairman and CEO of Hon Hai, J.W. Tai, Vice Chairman of Hon Hai, and Kozo Takahashi, President and CEO of Sharp Corporation exchanged the signed doocuments.

Kozo Takahashi made a speech, stating Sharp will work with Hon Hai Technology Group to merge both strengths and form a "Sharp / Hon Hai strategic alliance" aiming to provide better living for customers through development and manufacturing of IoT and robotics products, and contribute to the culture, benefits and welfare of people throughout the world. Also stated was in establishing this new Sharp-Foxconn alliance, both ends will respect and recognize each company's culture as working together to bring together "spirit of creativity" and "entrepreneurial spirit" both ends have to display "a new style of product innovation and development and manufacturing from Asia."

Following, Chairman Terry Gou made a speech and presentation as well, expressing his respect toward Sharp as a innovator and leader in technology, with a spirit of innovation taking root from its founder, Tokuji Hayakawa and inherited to the engineers today. Also mentioned was this strategic alliance brings together the strengths of two global companies with unique resources, and will work together to achieve success.