The Board of Directors of Yongmao Holdings Limited announced that the operations of the Company's China factories in Liaoning Province, Fushun City have been temporarily shut down due to the lockdown imposed by the local authority on the recent outbreak of COVID-19 cases in the city. The lockdown took effect on 12 October 2022 as it launched a citywide COVID-19 testing. There have been no official communications as to when the lockdown will be lifted.