1. The extent to which the outbreak of COVID - 19 could have an impact on its business, results of operations and financial condition will depend on future developments, which are uncertain and cannot be predicted.
2. Its business and the demand for its products is reliant on the success of the customers' products with end consumersand any decline in the demand for the end products could have an adverse impact on its business, results of operations, cash flows and financial condition.
3. Its business is dependent on its manufacturing facilities and the company is subject to certain related risks. Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in its manufacturing operations or under - utilization of its manufacturing capacities could have an adverse effect on its business, results of operations, cash flows and financial condition.
4. The company is subject to strict quality requirements, regular inspections and audits, and the success and wide acceptability of its products is largely dependent upon its quality controls and standards.
5. The company do not have long-term agreements with most of its suppliers or customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows. Further, its inability to accurately forecast demand for its products or manage its inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
6. The company is susceptible to risks arising out of export of its products to 45 countries and with doing business internationally, including international market conditions and regulatory risks.
7. Its inability to accurately forecast demand for the company products and manage its inventory or working capital balances may have an adverse effect on its business, results of operations, cash flows and financial condition.
8. Its operations depend on the availability of timely and cost-efficient transportation and other logistic facilities and any prolonged disruption may adversely affect its business, results of operations, cash flows and financial conditions.
9. Any increase in the cost of its raw material or other purchases or a shortfall in the supply of its raw materials, may adversely affect the pricing and supply of its products and have an adverse effect on its business, results of operations and financial condition.
10. Some of the raw materials that the company use as well as its finished products are hazardous, corrosive and flammable and require expert handling and storage, as applicable. Any accidents may result in loss of life or property and disrupt its operations which may have an adverse effect on its results of operation, cash flows and financial condition.