It was learned that in April 20, 2020, the official website of Yida textile issued an important notice, which reads as follows:

The outbreak of the COVID-19 coronavirus has created an unprecedented perfect storm for the supply chain of the global textile and garment industry. In our industry, no enterprise can be single, and we are under tremendous pressure, and some are even struggling to survive. In order to control the spread of the epidemic, many countries have forced shops to close, and economic activities are close to a standstill, and the retail industry has almost stagnated.

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These measures also made the Yida group upstream of the textile and garment supply chain suffer unprecedented impact. In order to ensure sustainable operation, we have adopted a series of actions resolutely, including adjusting the scale of business, slashing operating expenses and streamlining personnel.

We have to make the hardest and most painful decisions to close the following factories at the end of July this year:

In April 30th of 1.2020, we closed the factories in Fenghua.

In June 12th of 2.2020, Malaysia was closed to two factories in Penang and Kelantan.

In July 31st 3.2020, Mauritius was closed to the factory at flake.

In the coming months, we will do our best to ensure that all affected employees receive an appropriate and fair transitional arrangement. Our team will always provide you with the best quality products and intimate service. We firmly believe that this trial can transform Yida into a stronger, more agile and lean enterprise.

　　 Yida is one of the world's leading vertically integrated cotton textile manufacturers. It is one of the world's largest manufacturer of pure cotton shirts. As a traditional industry, it is an unconventional enterprise. It hopes to promote the development and transformation of the world's industry and manufacturing industry through its own practice.

Yida group is the "brand behind the brand" and the "invisible champion" of the cotton spinning and garment industry. With its production and R & D base in 8 countries around the world, vertical integrated supply chain covering cotton research, spinning, needle woven fabrics, garments, accessories and retail has been established.

For Hugo Boss, Ralph Lauren, Nike, Tommy Hilfiger and other fashion brands to supply more than 110 million high-quality shirts, but also apple, Amazon, Muji and other well-known brand suppliers. Yida has also developed its own fashion brand "Pai" and "ten like officials" in China.