In the second half of this year, major sports shoes and apparel manufacturers have actually smelled signs of recovery. In order to meet the short supply of customer orders, our company has initiated the expansion of production capacity next year, and the estimated capacity increase will be 10-20%. The number of customer orders has not decreased but has increased. From the perspective of the number of orders in hand, the three major customer orders have maintained double-digit growth. It is estimated that by the first half of next year, the annual growth rate will reach 20-30%.

In order to meet customer orders, mass production is expected in the second half of next year, with a monthly production capacity of 1.2 to 1.4 million pieces in the first phase. Orders have been hot recently, and visibility has already been seen in the middle of next year. The double-digit growth in the first half of next year is only a basic figure, and the company's operating performance is expected to surpass before the outbreak of the 2019 epidemic. As the information given by the customer is quite specific, our company is making every effort to plan for next year's expansion plan, including expansion in major production bases in South Vietnam, North Vietnam, Indonesia and other major production bases. It is estimated that the overall production capacity will increase by 20% to 30% next year.