HANA Branch in China Closes until 9 FEB, Predicts to Lose 0.3% of Its Output

Hana Microelectronics Public Co., Ltd. (HANA) has published the statement in regard to the Chinese government requirements to extend the factory shutdown from Chinese New Year holiday to February 9, 2020, the subsidiary company; Hana Microelectronics (Jiaxing) Co., Ltd. will follow the mandatory and will re-open on February 10, 2020.

Following the shutdown, Hana Microelectronics (Jiaxing) Co., Ltd. would lose one week’s output, which would represent approximately 0.3% of the Hana Group’s annual output; however, can easily be recovered since the factory is currently not running at 100% capacity due to the past issues with US/China trade dispute.