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Announcement for the resumption of operations on behalf of the subsidiary
 2020-02-20

1.Date of occurrence of the event:2020/02/20

2.Company name:Snowdown Merchandise (SuZhou) Co.,Ltd.

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

4.Reciprocal shareholding ratios:100%

5.Cause of occurrence:Snowdown Merchandise (SuZhou) Co.,Ltd. has obtained local authorities Approved and formally resumed on February 20.

6.Countermeasures:

(1)Adjust production schedules to meet customer needs.

(2)Closely monitor the local progress linked to the coronavirus.

7.Any other matters that need to be specified:N/A