Magontec Limited conducts business in PR China and has two factories in that country. One in Xi'an, Shaanxi province that produces magnesium anodes and one at Golmud in Qinghai province that produces magnesium alloys. Under the current provisions announced by the Chinese Government, company estimate that the Coronavirus (nCv19) is likely to have only a minor effect on the operations of these businesses. On 27th January 2020 the Government of China decreed that the Chinese New Year Holiday, which was scheduled to finish on 31st January 2020, should be extended to 3 February 2020. Provincial and city governments have taken additional precautions and in Shaanxi and Qinghai businesses have been requested to further delay re-opening to 9th February. While there are varying travel restrictions across China, the Magontec Xi'an staff have all returned to Xi'an from New Year vacations and expect to re-start the factories and commence production again on 9th February 2020. The vast majority of customers for these two factories are Chinese companies based in China. Each of these customers is similarly obliged to cease production until the 9th of February. For international customers company have made a preliminary assessment of inventory and supply requirements and anticipate minor delays in shipments in some instances.