In connection with the continuous monitoring of the risk related to the threat posed by the COVID-19 coronavirus and its possible impact on the smooth operations of TOYA S.A. (hereinafter referred to as the “Issuer”), the Issuer informs that the changing epidemiological situation within the territory of the People’s Republic of China can hinder the timely completion of the TOYA S.A. Group’s central warehouse under construction in China. The project is carried out by a subsidiary of the Issuer, Yato Tools (Jiaxing) Co. Ltd. Moreover, the current epidemiological situation, if prolonged, can give rise to additional implications in terms of temporary disruption to the supply chain. In the Issuer’s opinion, the aforementioned events should not have a significant impact on the financial and operational situation of Toya S.A. Group.
However, it should be borne in mind that the situation is volatile and restrictions introduced by subsequent legislative changes, decisions of local authorities and other unforeseen factors beyond the Issuer’s control, depending on their duration and intensity, can affect the Issuer’s operations and financial position.
The Issuer will inform about all significant activities and events identified at a later stage in separate current reports.
Legal basis: Art. 17 section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC (OJ EU L of 2014 no 173, p. 1, as amended).
Grzegorz Pinkosz
President of the Management Board