Announcement of board resolution to terminate equipment and system procurement contract on behalf of subsidiary WPG ELECTRONICS (HK) LIMITED
2020-11-10
1.Date of occurrence of the event:2020/11/10
2.Date of the original announcement and reporting:2020/07/10
3.Summary of the content originally announced and reported:
On behalf of WPG subsidiary WPG ELECTRONICS (HK) LIMITED announces the
resolution by the Board of Directors to purchase equipment and system
4.Reason for change and its main content: The registration of the affiliated
enterprise for smart warehouse is completed in Dongguan, Guangdong. In
consideration of WPG Holdings operational structure, the board of WPG
ELECTRONICS (HK) LIMITED has resolved to terminate above mentioned
procurement contract. The smart warehouse logistics center will be
constructed by the affiliated enterprise newly registered.
5.Effect on the Company's finance and business after the change:
No material effect as both WPG ELECTRONICS (HK) LIMITED and the affiliated
enterprise for smart warehouse are wholly owned subsidiaries of WPG Holdings
Limited.
6.Any other matters that need to be specified:None