In accordance with resolutions at the Board of Directors held on May 20, 2019, Mipox Corporation (hereafter the “Company”) announced today that the Company will close the branch office in China established in September 2011. The details are as follows.
Summary of Branch Office in China
|Branch Office Name||MIPOX Precision Polishing Product (Shanghai) Co., Ltd. WUHAN BRANCH|
|Address||No.12,F11, Building A,Optics Valley central garden, Luoyu Rd, East lake Hi-tech Development Zone, Wuhan|
|Established||September 19, 2011|
|Date of Closing||July 31, 2019 (planned)|
Effect on Profit
The impact on business performance will be minor.