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The company was faced with obstacles such as shortages of raw materials and manpower due to the novel coronavirus outbreak, said Hyunki Ji, vice-president of Samsung China Semiconductor Co Ltd, adding that the local government has provided support to ensure the smooth operation of the plant.

The company said Thursday that it will supply its full-service employees free health and safety kits containing reusable cloth face masks, hand sanitizer and thermometers beginning this week. It also said it is launching a COVID-19 resource center to provide information for employees and customers.

The company, which becomes the first listed metro design company in China, realized business revenues of 1.644 billion yuan in 2019, a year-on-year increase of 11.34 percent.

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The company said a "flagship smartphone" will go on sale in its store at Westfield. Industry experts speculate this will be the recently-announced Mi Mix 3. The phone supports wireless charging and features a sliding mechanism that reveals a front-facing camera and facial recognition sensor.

The company invested 2.5 billion yuan in research and development in 2018, accounting for about 20 percent of its annual revenue.

The company, a leading provider of sterile barrier flexible packaging for the global healthcare industry, opened a sales office in Suzhou in 2006.

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The company will thoroughly rectify and reform its conduct, cooperate with regulators and not shirk its responsibilities, Huang Zheng, Pinduoduo CEO, was quoted as saying in the statement.

The company projects its net revenue will increase to between 7.21 billion yuan and 7.63 billion yuan in the third quarter, but it said the forecast is subject to "substantial uncertainty".

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The company raked in about 31 billion yuan (about .5 billion) in net revenue in 2018, up 16 percent year on year, according to its unaudited financial report released Tuesday.

The company started commercial test operations on US highways in August, and it has so far completed more than 13,000 hours of real and simulated road tests.