Pharmesis International Ltd. Announces Temporary Work Stoppages at its Manufacturing Facilities Located in Gulin County, Luzhou City, Sichuan Province
ascertained. The management is currently trying to assess the full impact of the flooding on its production lines at the Longlife Plant and plans to resume production as soon as possible. The
management is also taking measures to mitigate the impact of the temporary work stoppages and damage caused to the production equipment and inventory. The Group's insurance company has been notified and will be assessing the claim and damages in due course. The Board wishes to highlight that whilst the impact assessment of the flooding at the Longlife Plant is being carried out, it envisages that production at Longlife Plant will be temporarily disrupted and will resume after the production equipment are repaired. The Group will continue to monitor the situation closely. Further announcement(s) on the matter will be made by the Company as appropriate.