SSI Group, Inc. announced that following the issuance of a resolution by the Metro Manila Development Authority on March 14, 2020, urging a temporary closure of Metro Manila shopping malls and in line with Local Government Unit directives regarding temporary mall closures announced on March 15, 2020, SSI's brick and mortar stores in Metro Manila will be temporarily closed, with most of the closures occurring on March 16, 2020. The temporary closure of the Group's stores will impact the Group's ability to generate revenues over the short term. This impact is mitigated by the Group's performance through 2019 and in January and February 2020. As such, the Group is in a strong financial position, with sufficient resources to support operations while the company's brick and mortar stores are unable to operate. The Group has further mitigated the impact of temporary closures by reducing inventory purchases, with initiatives put in place in late January, and with new capex projects put on hold at the beginning of February. The Group has also triggered its business continuity protocols, which include, among others, alternative working arrangements for employees, support for employees in need of healthcare advice, reductions of face to face meetings, and enhanced warehouse screening procedures, in order to ensure continuity of operations. The temporary closure of stores also aids the Group in business continuity protocols by minimizing the health risks faced by the company's customers and store level employees.