01382.HK: The Sales Orders That Will Do Our Best To Fulfill Our Commitments.

Exchange textile (01382) announcement, about the impact of new coronavirus pneumonia on the business, the group's Panyu factory in Guangdong stopped production for about 3 weeks, and resumed production in February 12, 2020 after the Chinese New Year holiday and the Guangzhou government's downtime. However, due to the suspension or limited service of transport facilities in some areas, some workers in the affected provinces, especially those outside Guangdong origin, could not return to Guangdong production units as planned, resulting in a decline in the production capacity of Panyu factories. It is expected that this will delay the resumption of the original production schedule of the Panyu plant and will delay the delivery of products in February 2020 and March. However, it is estimated that the administrative measures taken by the epidemic as a result of the shortage of labour are temporary.

Under such exceptional circumstances, the group will do its best to fulfill its sales orders and keep in touch with its customers to adjust the delivery schedule to minimize any negative economic impact on both sides.