Giant Manufacturing : Announcement on behalf of the subsidiaries for te- mporary suspension of production to comply with Epidemic Prevention and Control policy from the local government
Announcement on behalf of the subsidiaries for te-
mporary suspension of production to comply with Epidemic
Prevention and Control policy from the local government
Date of events
2022/04/20
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/04/20
2.Company name:
Giant (China) Co.,Ltd.
Giant Electric Vehicle (Kunshan) Co.,Ltd.
Giant (Kunshan) Co.,Ltd.
D.Mag (Kunshan) New Material Technology Co.,Ltd
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:100%&60%
5.Cause of occurrence:
In line with the local government's Epidemic Prevention and
Control policy.
The production will continue to shut down on April 20 to ensure the
health and safety of employees.
The company has actively applied for epidemic-free enterprises to resume
work in accordance with local epidemic prevention regulations, and will
resume work immediately after approval.
6.Countermeasures:
We will give priority to digesting the existing inventory, and will work
overtime to catch up with production capacity after the resumption of work.
It is estimated that some orders will be delayed until shipment in May,
which has no significant impact on the operation of the whole year.
7.Any other matters that need to be specified:None
Attachments
Original Link
Original Document
Permalink
Disclaimer
Giant Manufacturing Co. Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 02:44:02 UTC.
Giant Manufacturing Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of bicycles and related accessories. The Company's bicycle products consist of race bicycles, road bicycles, urban bicycles, mountain bicycles, folding bicycles, touring bicycles, sports bicycles, bicycles for women and children, as well as electric bicycles and others. The Company distributes its products mainly in the Americas, Europe, Asia, Taiwan and other markets.
Giant Manufacturing : Announcement on behalf of the subsidiaries for te- mporary suspension of production to comply with Epidemic Prevention and Control policy from the local government