Hi-P International Limited Announces Resolution Of Labour Issue In Jinqiao, Pudong, China

Hi-P International Limited announced that the recent labour issue at one of its production plants in Jinqiao, Pudong, has since been amicably resolved with the approximately 200 workers involved. The labour issue arose from the Company's relocation of its production plant from Jinqiao to Nanhui also in Pudong. The plants in Jinqiao and Nanhui are 45 minutes away from each other in the same Pudong District. As an incentive for workers to join the production plant at Nanhui, the Company had from the start, offered a relocation package of two months salary to all the workers to the Nanhui production plant.