Announcement on behalf of two subsidiaries in Shenzhen had received approval to resume operations from 2022/3/21
· Issued by G-shank Enterprise Co., Ltd.
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Today's Information
Provided by: G-SHANK ENTERPRISE CO.,LTD.
SEQ_NO
1
Date of announcement
2022/03/21
Time of announcement
13:36:11
Subject
Announcement on behalf of two subsidiaries
in Shenzhen had received approval to resume
operations from 2022/3/21
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:SHENZHEN G-BAO PRECISION SDN.BHD. and
SHENZHEN G-SHANK PRECISION SDN.BHD.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:91.43% and 93.85%
5.Cause of occurrence:
G-SHANK's subsidiaries, SHENZHEN G-BAOK and SHENZHEN G-SHANK,
have to stop work from 2022/3/14 to 2022/3/20 according to the
local government's COVID-19 prevention work. The company had
received approval to resume operations from 2022/3/21.
6.Countermeasures:
SHENZHEN G-BAO and SHENZHEN G-SHANK 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:
SHENZHEN G-BAO and SHENZHEN G-SHANK's revenue accounted about 6%
of group consolidated revenue, and it has not significantly impact
on group's financial and business status.
