BRIEF-Xin Point Announces Impact Of US Tariffs On Business And Operation Of Group

Reuters

04-16

BRIEF-Xin Point Announces Impact Of US Tariffs On Business And Operation Of Group

April 16 (Reuters) - Xin Point Holdings Ltd 1571.HK:

IMPACT OF UNITED STATES TARIFF ON BUSINESS AND OPERATION OF GROUP
NEW TARIFFS ARE LIKELY TO HAVE IMPACTS ON GROUP'S BUSINESS AND OPERATIONS
IN ACTIVE DISCUSSIONS WITH US CUSTOMERS ON POSSIBILITIES OF RELOCATING MANUFACTURING PROCESSES OF PRODUCTS TO MEXICO AND MALAYSIA
DIRECT SHIPMENTS FROM CHINA TO U.S. SUBJECT TO U.S. TARIFF ACCOUNTED FOR 30.7% OF TOTAL REVENUE FOR YEAR 2024

Further company coverage: 1571.HK

((Reuters.Briefs@thomsonreuters.com;))

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