Announcement on behalf of important subsidiary to cooperate with the local government in China on epidemic prevention measures

 Announcement on behalf of important
subsidiary to cooperate with the local government
in China on epidemic prevention measures

1.Date of occurrence of the event:2022/03/15
2.Company name:Ability Technology (Dongguan) Co., Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Subsidiary
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence:
 Our important subsidiary, Ability Technology (Dongguan) Co.,
 Ltd is required to respond to the Dongguan local policy of
"Compassing Management Policy"- Class Suspension, Transportation
 Control, Factory Production Non-Stop.
 (1) Traffic has been controlled in some areas of Dongguan, and during the
 control period, the vehicles can pass with permits only for the necessity
 of epidemic prevention & control, emergency rescue, PCR test, daily life
 supplies.
 (2) Control Period: 2022/03/15~2022/03/21
6.Countermeasures:
 (1) By local government regulations, we take precautionary measures
 against epidemics and take PCR tests for all factory employees to ensure
 our employees' safety and health.
 (2) The factory's production is continued without any suspension.
 (3) Closely liaise with customers and suppliers to adjust, in case, the
 arrangement of material preparation and shipment at any time
7.Any other matters that need to be specified:
 (1) There has been no serious impact on our finance and revenue till
 now.
 (2) We shall closely pay attention to the Dongguan pandemic
 development and make announcements if there is any new situation or
 impact.