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Stock impact report

Happiness Biotech Begun Production of Daily Protective Masks

Happiness Development Group Limited - Class A Ordinary Shares (HAPP) 
Company Research Source: PR Newswire
NANPING, China, March 17, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that the Company has begun production of daily protective masks. Due to the shortage of melt-blown non-woven fabric ("Melt-blown Fabric"), the production capacity of masks in China is still very constrained. Through various methods, the Company found a steady source of Melt-blown Fabrics and started the production of masks. The production capacity is still limited for now, but we are expecting to reach the capacity of 500,000 masks per week starting from next week. "We have started producing disinfectants with our existing equipment and workshops since this February. Now that the COVID-19 has spread all over the world, it has caused a serious shortage of masks. By using our own channels and other resources, we have successfully gained the capacity to produce daily protective masks and c Show less Read more
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