Shenzhen Coship Electronics' wholly-owned subsidiaries and holding companies continue to suspend production and may not be able to resume production in the short term.

date
12/11/2024
avatar
GMT Eight
Shenzhen Coship Electronics (002052.SZ) announced that, according to a previous announcement, the Company's wholly-owned subsidiary Nanping Tongxin New Energy Technology Co., Ltd., the Company's controlling subsidiary Dongguan City Tongtai Micro Technology Co., Ltd., and the Company's controlled subsidiary Ganzhou Tongzhou New Energy Technology Co., Ltd. (collectively referred to as the "temporarily suspended companies") have temporarily suspended production due to objective factors such as product market conditions, supply chain funding, and operating costs in order to reduce losses and protect shareholder interests. As of the date of this announcement, there has not been a significant improvement in the market conditions and operating conditions faced by the temporarily suspended companies. After careful evaluation by the Company, the temporarily suspended companies will continue to suspend production and may not be able to resume production in the short term. A decision on resuming production will be made based on market conditions.

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