Spindex Industries Limited announced further to its early announcement on March 28, 2022, the board of directors of the company updated that its Shanghai plant in China will remain closed for at least another week till April 10, 2022 or until such time the policies allow resumption of works by the local Shanghai authority. The group's supply chain and customers that are exposed any Shanghai city closures will also be affected. As previously highlighted, the financial impact is not quantifiable, but is expected to have a negative impact on the financial performance of the Group in fiscal year 2022 given the uncertainty of the extension of lockdown period.

The company is closely monitoring the situation and shall keep shareholders informed of any material developments as and when they arise.