The Covid-19 pandemic which started two years ago is still ongoing. It has been a very difficult time for us and for the entire electronics manufacturing industry. The pandemic has caused widespread lockdown, substantial disruption of the supply chain and acute shortages of certain key materials, notably Integrated Circuits, and serious logistics issues. As a result, the costs of manufacturing have gone up.
Our Group has instituted necessary precautionary measures against Covid-19 and we shall spare no effort to prevent the spread of the disease in our workplaces. We shall also use our best effort to manage the global supply chain shortages and the extremely long material lead times resulting from the pandemic. We shall closely liaise with our Customers, providing them with prompt feedback and remedial action about the situation. The Group has started to work closely with our key Customers to bring on alternate supply such as the Chinese Semiconductor Supply Source.
The end of the pandemic is not yet in sight and presently the world is plagued by a series of very contagious variants of Covid-19. We shall try our very best to cope with the situation putting the health of our Employees, the interest of our Customers and Partners, and our social responsibilities as our top priorities.
Chairman and CEO
Wong's International Holdings Limited