HONG KONG, April 15, 2025 /PRNewswire/ — Freeway Holdings Restricted (Nasdaq: HIHO, the “Company” or “Highway Holdings”) nowadays showed it does no longer be expecting a subject material have an effect on from the hot imposition of upper U.S. price lists on imports into the U.S. from China. The Corporate had not up to 4% of its general merchandise exported to the U.S. over the closing 365 days, with roughly 3% from China and roughly 1% from Myanmar, and the Corporate has disagree provide dependence at the U.S. marketplace.
Roland Kohl, chairman, president and leading govt officer of Freeway Holdings, commented, “The recent imposition of higher tariffs worldwide by the U.S., and on imports from China in particular, has caused undue concern for our shareholders regarding the impacts on the Company. The reality is that almost all of our revenue is generated from customers in Europe, with less than 4% of our products exported to the U.S. over the last twelve months and no dependence on the U.S. market.”
“The other reality is that higher tariffs on imports from China into the U.S. should help to improve our business in Myanmar, as Chinese companies affected by these tariffs may look to shift production to countries like Myanmar, which has substantially lower tariff rates. As a result, this is a very exciting time because such actions may benefit rather than harm a truly international company such as we are. We hope this helps clarify our unique position for shareholders as they continue to support the company.”
About Freeway Holdings Restricted
Freeway Holdings is a world producer of all kinds of detail portions and merchandise for blue chip apparatus producers based totally basically in Germany. Freeway Holdings’ administrative workplaces are situated in Hong Kong and its production amenities are situated in Yangon, Myanmar and Shenzhen, China. For more info discuss with website online www.highwayholdings.com.
Except for for the ancient data contained herein, the issues mentioned on this press reduce are forward-looking statements., Those statements are matter to dangers and uncertainties. Such dangers and uncertainties come with, however don’t seem to be restricted to, financial statuses, price lists, adjustments within the international business condition, aggressive pressures, governmental, political and technological components affecting the corporate’s revenues, operations, markets components, and alternative components mentioned within the corporate’s diverse filings with the Securities and Trade Fee, together with with out limitation, the corporate’s annual stories on Method 20-F.
SOURCE Freeway Holdings Restricted
