Announcements of subsidiaries, GTEK TECHNOLOGYCO., LTD.,in line with the local government’s power restriction policy

Announcements of subsidiaries, GTEK TECHNOLOGYCO., LTD.,in line with the local government’s power restriction policy
Material Information
2022-08-15

  1. Date of occurrence of the event:2022/08/15

  2. Company name:GTEK TECHNOLOGYCO.,LTD

  3. Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries

  4. Reciprocal shareholding ratios:100%

  5. Cause of occurrence: Because the high temperature for several days, Chongqing city govement notified to temporarily shotdown the power supply for industrial production from August 15 to August 24, and the company cooperated with the shutdown to suspend the production.

  6. Countermeasures:
    (1)During the period, the subsidiaries supply the finished products inventory to the customers, also
        coordinate production with other plants within the Group,and the subsidiaries will arrange
        overtime production in the weekends or national holidays, to meet the customer needs.
    (2)Closely observe the follow-up development situation.

  7. Any other matters that need to be specified: There's no significant impact to the Company's operations for the moment.