Announcement on behalf of two subsidiaries in Shanghai have to stop work
· Issued by G-shank Enterprise Co., Ltd.
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Today's Information
Provided by: G-SHANK ENTERPRISE CO.,LTD.
SEQ_NO
2
Date of announcement
2022/03/21
Time of announcement
13:36:26
Subject
Announcement on behalf of two subsidiaries
in Shanghai have to stop work
Date of events
2022/03/21
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/03/21
2.Company name:SHANGHAI G-SHANK PRECISION MACHINERY CO.,
LTD. and SHANGHAI G-SHANK PRECISION HARDWARE CO.,LTD
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:85% and 85%
5.Cause of occurrence:
G-SHANK's subsidiaries, SHANGHAI G-SHANK and SHANGHAI
G-SHANK PRECISION HARDWARE, have to stop work from
2022/3/21am5:00 to 2022/3/23am5:00 according to the
local government's COVID-19 prevention work.
6.Countermeasures:
SHANGHAI G-SHANK and SHANGHAI G-SHANK PRECISION HARDWARE
will continue to pay close attention to the epidemic
situation and our employees' health and comply to local
government's regulations.
7.Any other matters that need to be specified:
SHANGHAI G-SHANK and SHANGHAI G-SHANK PRECISION HARDWARE's
revenue accounted about 30% of group consolidated revenue,
and than,we will adjust the capacity and output after
resuming operation and coordinate customers to adjust
the time of delivery,so as to minimize the impact.
