King Yuan Electronics Co. Ltd.

02/15/2022 | Press release | Distributed by Public on 02/14/2022 23:19

To represent the Company's subsidiary King Long Technology (Suzhou) Ltd. on Covid-19 status

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Provided by: KING YUAN ELECTRONICS CO., LTD.
SEQ_NO 3 Date of announcement 2022/02/15 Time of announcement 13:16:59
Subject 
 To represent the Company's subsidiary King Long
Technology (Suzhou) Ltd. on Covid-19 status
Date of events 2022/02/15 To which item it meets paragraph 51
Statement 
1.Date of occurrence of the event:2022/02/15
2.Company name:King Long Technology (Suzhou) Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence: King Long Technology (Suzhou) Ltd. is cooperating
with the local authorities to conduct PCR test on all employees.
Therefore, it is temporarily halting its production. King Long Technology
(Suzhou) Ltd. will resume its production with local authorities' approval.
Daily revenue of King Long Technology (Suzhou) Ltd. is about
RMB 5 million to 6 million currently. The consolidated revenue for the first
quarter of KYEC will not be impacted due to this event. And no significant
impact on the company's finances and operations.
6.Countermeasures:N/A
7.Any other matters that need to be specified:N/A