Specialty Chemical Company China XD Plastics Provides Update on Impact of Coronavirus Outbreak
China XD Plastics Company Limited (CXDC)
US:NASDAQ Investor Relations:
chinaxd.net
Company Research
Source: PR Newswire
HARBIN, China, April 2, 2020 /PRNewswire/ -- China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today provided an update on the impact of the coronavirus outbreak on its business and operations.While the Company's business operations and financial results for the year ended December 31, 2019 were not affected by this global pandemic, the Company had temporarily closed its manufacturing factories and corporate offices from January 24th to February 9th, 2020, as a result of the Outbreak and widespread public concerns. All company personnel had been required to stay at home until February 9th by the government based on the development of this health epidemic. The preparation of Company's financial statements and audit process have been delayed due to government-imposed quarantines,
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