Brief: Confidence Intelligence Says Shenzhen Production Plant To Gradually Resume Operation From 20 Feb Onwards

Confidence Intelligence Holdings

20/02/2020 10:18

Feb 20 (Reuters) - Confidence Intelligence Holdings Ltd
 1967.HK :
    * SHENZHEN PRODUCTION PLANT WILL GRADUALLY RESUME ITS
OPERATION
STARTING FROM 20 FEB ONWARDS
    * CERTAIN WORKERS IN AFFECTED PROVINCES AND MUNICIPALITIES
UNABLE
TO RETURN TO SHENZHEN PRODUCTION PLANT
    * EXPECTS TEMPORARY DROP IN PRODUCTION CAPACITY OF SHENZHEN
PRODUCTION PLANT AFTER RESUMPTION OF OPERATION
    * RECEIVED OFFICIAL NOTICE FROM GOVERNMENT AUTHORITY ON FEB
19
APPROVING OPERATIONS RESUMPTION OF SHENZHEN PRODUCTION PLANT
    * EXPECTED THAT SHENZHEN PRODUCTION PLANT WILL EXPERIENCE
DELAY IN
REACHING ITS ORIGINAL PRODUCTION SCHEDULE
    * TEMPORARY LOWER PRODUCTION LEVEL LIKELY TO HAVE A NEGATIVE
IMPACT ON GROUP'S SHORT TERM FINANCIAL RESULTS
    * EXPECTED THAT SHENZHEN PRODUCTION PLANT WILL EXPERIENCE
DELAY IN
REACHING ITS ORIGINAL PRODUCTION SCHEDULE
    * EXPECTED THERE WILL BE LATE DELIVERY OF PRODUCTS IN FIRST
HALF
OF 2020
    * EXPECT TEMPORARY DROP IN PRODUCTION CAPACITY OF SHENZHEN
PRODUCTION PLANT SHORTLY AFTER RESUMPTION OF OPERATION
    * GROUP HAS EXPERIENCED DELAY IN SUPPLY OF RAW MATERIALS
FROM ITS
SUPPLIERS
    * UPDATES ON BUSINESS OPERATIONS IN RELATION TO RECENT
OUTBREAK OF
NOVEL CORONAVIRUS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1BvlH3
Further company coverage:  1967.HK 

 ((Reuters.Briefs@thomsonreuters.com;))