Since its establishment in 1995, ATGT has been primarily engaged in the manufacture and sale of heat-resistant glass tableware and glass for physics and chemical experiments. In recent years, the market environment for this business has become increasingly challenging. Despite diligent efforts to improve operations, ATGT has been unable to improve its performance owing to rising manufacturing costs and other factors. Therefore, it is decided to terminate its production activities.
It will be ensured that there is no impact on the supply chain by consulting with its customers and plans to proceed with the necessary procedures for corporate liquidation in accordance with local laws. The impact of this matter on the Company's consolidated financial results is expected to be negligible.