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Goodbaby International Holdings Ltd (1086.HK)

1086.HK on Hong Kong Stock

21 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Goodbaby International Holdings Ltd - Evenflo Issues Recall For 56,000 Car Seats - The Huffington Post
Monday, 29 Feb 2016 03:10pm EST 

Goodbaby International Holdings Ltd:Evenflo recently issued a recall of approximately 56,000 of its car seats. The company identified a safety concern for its Transitions 3-in-1 Combination Booster Seat manufactured before January 29, 2016. - The Huffington Post.After reviewing consumer feedback, Evenflo identified that its Transitions car seat gave children access to the Central Front Adjuster (CFA) when used in the forward-facing harnessed booster mode, which could loosen the harness on the car seat."While seats with an internal harness are typically equipped with a CFA, the Transitions is the only Evenflo seat which allowed a child enough access to activate the CFA and simultaneously loosen the harness.Without a snug harness restraining the child, the potential for injury in a crash increases.".Evenflo stated that the recall, in coordination with the U.S National Highway Traffic Safety Administration , does not reflect the "structural integrity" of the Transitions car seat in a crash and that "no injuries have occurred in connection with this issue.".Customers with Transitions car seats impacted by the recall can receive a free remedy kit from Evenflo that will restrict a child's access to the CFA, the company stated.Evenflo says the seat can still be used safely, but only if it's used in these modes: high-back belt-positioning booster mode and no-back belt-positioning booster mode.  Full Article

Goodbaby International Holdings Ltd says unit enters into GCHL master supply agreement
Wednesday, 7 Oct 2015 10:46am EDT 

Goodbaby International Holdings Ltd:Reference is made to the announcement of the Company dated 29 October 2012 in respect of the 2013 GCCL Supply Agreement entered into between GCPC and GCCL for the supply of Products to GCCL for a term from 1 January 2013 to 31 December 2015.As the 2013 GCCL Supply Agreement will be expiring on 31 December 2015, the GCHL Master Supply Agreement was entered into on 7 October 2015 between GBHK (which in turn holds 100% interest in GCPC) and GCHL (unit of GCCL).Pursuant to which GBHK agreed to supply, or procure its subsidiaries to supply, the GBHK Products to GCHL and its subsidiaries for domestic sales for a period commencing from 1 January 2016 and ending on 31 December 2018.GCHL agreed to distribute or procure its subsidiaries to distribute the GBHK Products supplied by GBHK and its subsidiaries in the domestic market.GGPX agreed to lease property i, property ii, property iii and property iv to GCPX From Jan.1, 2016 to Dec. 31, 2018.  Full Article