Zhejiang Taitan Co.,Ltd. Clarifies It Does Not Sell Electronic Fabric Looms for Low-Dk or Q-Fabric

Stock News06-17 18:20

The company has issued a statement addressing unusual stock price movements and clarifying online rumors regarding its electronic fabric looms.

It is formally confirmed that, as of the date of the announcement, the company only sells conventional electronic fabric looms. Orders for these products account for a mere 2% of the prior fiscal year's operating revenue, and as the products have not yet been delivered, no revenue has been recognized from these sales.

Zhejiang Taitan Co.,Ltd. explicitly states it has no products for sale that are designed to manufacture Low-Dk or Q-fabric electronic cloths.

The company highlights that its related business operations are subject to significant uncertainties influenced by multiple factors, including market supply and demand dynamics, competitive landscape, technological advancements, and product pricing.

Furthermore, if the company's technological innovation and product updates fail to meet expectations or lack competitiveness, it could adversely impact the progress of future business expansion.

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