Xin Point Says Majority Of Group's U.S. Customers Agreed To Absorb Imposed Additional U.S. Tariffs

May 22 (Reuters) - Xin Point Holdings Ltd 1571.HK:

• MAJORITY OF GROUP'S U.S. CUSTOMERS AGREED TO ABSORB ALL OR SIGNIFICANT PORTION OF RECENTLY IMPOSED ADDITIONAL U.S. TARIFFS

• COLLABORATING WITH ITS CUSTOMERS TO REDIRECT DELIVERIES THROUGH ITS MEXICAN OPERATIONS TO AVOID U.S. TARIFFS.

• GROUP HAS ARRANGED FOR RELOCATION OF CERTAIN MANUFACTURING PROCESSES TO ITS PRODUCTION FACILITIES IN MEXICO AND MALAYSIA