Brief: Nova Lifestyle Says Q1 Results Will Be Adversely Impacted By Coronavirus

XMax

03/03/2020 12:45

March 3 (Reuters) - Nova LifeStyle Inc  NVFY.O :
    * NOVA LIFESTYLE PROVIDES UPDATE ON IMPACT OF COVID-19
OUTBREAK
    * NOVA LIFESTYLE - IMPLEMENTED A SERIES OF ALTERNATIVE
SOLUTIONS
TO REDUCE IMPACT OF PRODUCTION DELAYS DUE TO CORONAVIRUS
    * NOVA LIFESTYLE INC -  OFFICES LOCATED IN HONG KONG AND
MACAU
WERE CLOSED FOR TWO WEEKS FOLLOWING LUNAR NEW YEAR HOLIDAY BREAK
AS A RESULT OF OUTBREAK
    * NOVA LIFESTYLE INC -  OFFICES LOCATED IN HONG KONG AND
MACAU
HAVE RECENTLY REOPENED
    * NOVA LIFESTYLE - ALTERNATIVE SOLUTIONS TO REDUCE IMPACT OF
PRODUCTION DELAYS DUE TO CORONAVIRUS MAY RESULT IN ADDITIONAL
COSTS
    * NOVA LIFESTYLE- Q1 OPERATING RESULTS WILL BE ADVERSELY
IMPACTED
IN ANY EVENT BY CORONAVIRUS
    * NOVA -CO'S ABILITY TO CLOSE BOOKS FOR FISCAL YEAR ENDED
DEC 31,
2019 WAS DELAYED BY COVID-19 OUTBREAK
    * NOVA LIFESTYLE INC -  AUDITOR'S ABILITY TO PERFORM FIELD
WORK
DELAYED BY COVID-19 OUTBREAK
    * NOVA LIFESTYLE INC -  BELIEVE THAT CO WILL BE ABLE TO FILE
ANNUAL REPORT WITHIN EXTENSION PERIOD AFFORDED BY RULE 12B-25

Source text for Eikon:  ID:nGNX530pDH 
Further company coverage:  NVFY.O 

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