According to the analysis of the equity relationship of the backbone company, the equity of the backbone company is indirectly 100% controlled by Hon Hai Precision, so the backbone company is a wholly-owned subsidiary of Hon Hai Precision.
The controlling shareholder of Foxconn Industrial Internet Company is the backbone company (controlling 69. 14% of the issuer's shares in total before issuance), and Hon Hai Precision indirectly holds its interest in 100%. Hon Hai Precision is a technology manufacturing service provider in the world electronics industry founded by Guo Taiming in 1974.