Announcement on behalf of the subsidiaries for te- mporary suspension of production to comply with Epidemic Prevention and Control policy from the local government
· Issued by Giant Manufacturing Co., Ltd.
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Today's Information
Provided by: GIANT MANUFACTURING CO., LTD.
SEQ_NO
1
Date of announcement
2022/04/20
Time of announcement
10:31:02
Subject
Announcement on behalf of the subsidiaries for te-
mporary suspension of production to comply with Epidemic
Prevention and Control policy from the local government
Date of events
2022/04/20
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/04/20
2.Company name:
Giant (China) Co.,Ltd.
Giant Electric Vehicle (Kunshan) Co.,Ltd.
Giant (Kunshan) Co.,Ltd.
D.Mag (Kunshan) New Material Technology Co.,Ltd
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:100%&60%
5.Cause of occurrence:
In line with the local government's Epidemic Prevention and
Control policy.
The production will continue to shut down on April 20 to ensure the
health and safety of employees.
The company has actively applied for epidemic-free enterprises to resume
work in accordance with local epidemic prevention regulations, and will
resume work immediately after approval.
6.Countermeasures:
We will give priority to digesting the existing inventory, and will work
overtime to catch up with production capacity after the resumption of work.
It is estimated that some orders will be delayed until shipment in May,
which has no significant impact on the operation of the whole year.
7.Any other matters that need to be specified:None
