XIN POINT HOLD: Most of the group's American clients have agreed to bear all or most of the recently imposed U.S. tariffs
XIN POINT HOLD announced that most of its American customers have agreed to bear the recently imposed U.S. tariffs. The company is actively negotiating with customers, and some product manufacturing processes have been relocated to Mexico and Malaysia, with delivery locations shifted to Mexico to avoid tariff impacts. Starting from May 2025, some products that were originally manufactured in China have begun production and delivery at the Mexico factory. The company will continue to monitor the situation and take measures to mitigate the impact of tariffs on its business
According to the Zhitong Finance APP, XIN POINT HOLD (01571) announced that most of its American clients have agreed to bear all or most of the recently imposed U.S. tariffs.
After actively negotiating with various American clients, the group has successfully arranged for some clients to relocate their product manufacturing processes to its production facilities in Mexico and Malaysia. At the same time, it has assisted clients in transferring delivery locations to within Mexico to avoid the impact of U.S. tariffs. Starting from May 2025, some products that were originally manufactured in China have begun production and delivery from the group's factory in Mexico.
The company will continue to closely monitor the developments and will take measures at the appropriate time to mitigate the impact of U.S. tariffs on the group's business and operations
