Prosperousprint (08385) announced that due to the challenging business environment and as a measure to optimize cost structure, th...
According to the announcement released by prosperousprint (08385) on the Zhixin Finance app, due to the challenging business environment and as a measure to optimize cost structure, the company's production site in Shenzhen (Shenzhen factory) has ceased production, effective from the date of this announcement until further notice, which will significantly reduce the company's fixed operating expenses and improve its cash flow. The company has arranged for its Hong Kong factory and/or external subcontractors to handle the orders previously handled by the Shenzhen factory. The company plans to sell its machines to settle outstanding debts (such as salaries, social security, and housing provident fund for Shenzhen factory employees). The operation of the company's Hong Kong production site (Hong Kong factory) remains normal and production will continue.