Notification on Adjustment of Product Price
From the year of 2017, due to the dramatic increment of raw materials price, labor price, and effect of environmental friendly inspection, our suppliers keep increasing the selling price and have more requirements on payment terms. It causes that the cost on machines productions becomes higher and higher. Considering all these factors, the management committee of the company decides to increase 5% machines selling price based on the current selling price on all machine models from January 1, 2018.
Guangdong Kingtex Weaving Equipment Co., Ltd.
December 30, 2017.