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Representing Subsidiaries in China,start work date changed to Feb. 10th, 2020

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Representing Subsidiaries in China,start work date changed to Feb. 10th, 2020
Jan-29,2020

1.Date of occurrence of the event: Jan. 29th,2020

2.Company name: 

Ningbo Yeong Shang Casting Iron Co., Ltd. , Dongguan Yeong Guan Mould Factory Co., Ltd. , Ningbo Lu Lin Machine Tool Foundry Co., Ltd. Jiangsu Bright Steel Fine Machinery Co., Ltd. , Shanghai No.1 Machine Tool Foundry (Su Zhou) Co., Ltd.

3.Relationship to the Company (please enter "head office" or "subsidiaries"): Subsidiaries.

4.Reciprocal shareholding ratios:

Shanghai No.1 Machine Tool Foundry (Su Zhou) Co., Ltd. :95.1%

Others: 100%

5.Cause of occurrence:

The governments of Zhejiang, Jiangsu and Guangdong province decided to postpone the holidays until 24:00, Feb. 9th, 2020 for providing measures against Wuhan pneumonia. The subsidiaries mentioned above will change the starting work date from Feb. 3th, 2020 to Feb. 10th, 2020 in according to the measures against 2019-nCoV (Wuhan coronavirus). So far there is no any great impact on financial statement of the group.

6.Countermeasures:

(1)Adjustment on Delivery.

(2) Pay close attention to the epidemic. 

(3)Increasing production capacity after the stoppage.

7.Any other matters that need to be specified: No.