The company intends to integrate and optimize the lead-acid battery business

Male towers shares, according to the announcement on May 13th night for shenzhen dapeng new regional development strategy planning and environmental protection requirements, combined with the company development strategy, and product line layout, proposed further consolidation and optimization of lead-acid battery business, decided to production base in shenzhen lead-acid battery business migration of all subsidiaries and subsidiaries in hubei province, Vietnam.

During the migration process, the existing key production equipment, the core staff will absorb into the company and other subsidiaries of manufacturing system, and through the expansion of subsidiary of hubei male towers power supply technology co., LTD., the male towers power technology (Vietnam) co., LTD., the capacity to meet the demand of customer orders, to ensure that sufficient capacity, stable quality and on time delivery.

It is understood that the relocation will be conducive to the company's integration and optimization of existing resource allocation, improve operational efficiency.

In the short term, the transfer of lead-acid battery business from shenzhen to production bases in hubei and Vietnam requires a relatively high cost of staff placement and processing, which will be reflected in the financial statements in 2018. In the long term, the business transfer can reduce the labor cost, especially the relocation to the production base in Vietnam, which can save the consumption tax of 4%.

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