The Board of Directors of Spindex Industries Limited inform that its factory in Johor Bahru, Malaysia will be temporarily closed from 18 March until 31 March 2020 as directed from the local Malaysia authorities in response to the COVID19 situation. The Malaysia factory is expected to resume operations only from 1 April 2020. This closure is expected to impact the customers served from the Malaysia factory. As a separate update, the Group's factories in Shanghai and Suzhou have resumed operations since 10 Feb. 2020. However it will take time before the China factories are fully operational as there are still disruptions caused by the supply and demand side. The extent of any financial impact is not possible to ascertain at the moment as the situation remains fluid. However, it is expected to have a substantial negative impact on the financial performance of the Group in this financial year. As the Group is no longer required to post quarterly updates, there will be no quarterly financial announcement for Third Quarter FY2020 and only the full year announcement for Fiscal Year 30 June 2020.