01382.HK: Delayed Delivery In February And March Will Be Delayed.

01382-HK announced that since the outbreak of new coronavirus pneumonia, in order to prevent the spread of this epidemic, many provinces and municipalities in China have adopted emergency public health measures and various actions, including restrictions on the date of resumption of production after the Lunar New Year holidays.

The group's Guangdong Panyu plant was resumed in February 12, 2020. However, due to the suspension or limited service of transport facilities in some areas, workers are unable to 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.

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.

Shutting down and temporarily below the original production level may have a negative impact on the group's short-term financial performance. The board of directors will continue to assess the impact of the epidemic on the group's financial performance and closely monitor the development of the epidemic and the risks and uncertainties faced by the group in this regard.