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
|〇New Office Name||MIPOX Precision Polishing Product (Shanghai) Co., Ltd. WUHAN BRANCH|
|〇Address||No.12,F11, Building A,Optics Valley central garden, Luoyu Rd, East lake Hi-tech Development Zone, Wuhan|
|〇Established||September 19, 2011|
|〇Date of Closing||July 31, 2019 (planned)|
Effect on Profit
The impact on business performance will be minor.