China XD Plastics Company Limited provided an update on the impact of the coronavirus outbreak on its business and operations. While the Company's business operations and financial results for the year ended December 31, 2019 were not affected by this global pandemic, the Company had temporarily closed its manufacturing factories and corporate offices from January 24th to February 9th, 2020, as a result of the Outbreak and widespread public concerns. All company personnel had been required to stay at home until February 9th by the government based on the development of this health epidemic. The preparation of Company's financial statements and audit process have been delayed due to government-imposed quarantines, office closings and travel restrictions on Company's personnel and service providers, including auditors. In the short term, the Company expects the outbreak to have a material impact on its operations in the first quarter of 2020. The overall impact of the Coronavirus on the Company's operations and financial results for 2020 remains to be seen. Presently, the pandemic in China has been well contained. As of the date of this press release, approximately 50% of employees of the Company's administrative offices return to work. Factories in Heilongjiang and Sichuan provinces were running at 20% capacity utilization at the end of this March and are expected to reach 70% capacity utilization by the end of this April and normal utilization rate by the end of this May. Factory in Dubai was not impacted by the coronavirus outbreak during January and February but only 20% employees from private sectors are now allowed to go to work due to the recent rise of coronavirus cases in UAE.