Our assessment of the current situation at MediCeram suggests that this is a labor disagreement between Management and its employees. We hope that this can be resolved amicably between the parties involved.

In respect of forced labor allegations raised earlier this year, YTY recently concluded a comprehensive review that was supported by an independent forced labor audit from an accredited agency and concluded at the time that MediCeram had sufficiently addressed all systemic instances of forced labor allegations. Our position on this matter is provided on our website, and can be referred to there.