Prevention And Control Measures Against The Epidemic Giordano Senior Voluntary Salary Cuts

In March 9th, the Giordano International Ltd (hereinafter referred to as "Giordano") announced that a series of preventive and control measures were taken during the epidemic. In the future, the cost control measures will be strengthened to enhance the capability of e-commerce.

According to the announcement, Giordano has taken preventive and control measures against the epidemic, such as closely monitoring the health status of employees, introducing flexible working hours and arrangements for stores, warehouses and office staff, and providing regular disinfection and health management for Giordano premises, so as to ensure the health and safety of customers and employees and ensure Giordano's continued operation.

Meanwhile, Giordano said in its announcement that the board of Directors believes that the epidemic will continue to affect the business market in terms of entity management and market sentiment. In order to control costs, Giordano actively seeks to reduce rent and reduce rents in various market sectors. In addition, Giordano will also strengthen its cost control measures, such as seeking more favorable conditions for suppliers.

Due to the interference of the epidemic on the shopping habits of the stores, Giordano said it would redistribute resources and rapidly enhance its e-commerce capabilities.

In addition, the board of directors of Giordano announced that Liu Guoquan, chairman and chief executive officer, voluntarily reduced wages by 50%. Other executive directors and members of the Hongkong senior management team voluntarily reduced their salaries by 30%. Meanwhile, about 15 other management team members who came to Hongkong, Macao, mainland China and other less affected areas voluntarily reduced their salaries by 10% and 20% respectively, and took effect from March 1, 2020 to three. Month.