Huaqiang Technology announced in the evening. The military procurement network issued an announcement on May 10. The Procurement Planning Department of the Joint Security Force Battle Service Department decided to ban the company from participating in military material engineering service procurement activities for 3 years from April 17, 2024, in accordance with the relevant regulations on military supplier management. During the ban period, other enterprises controlled or managed by the legal representative Wang Dongmin were prohibited from participating in military procurement activities within the above scope, and Tan Qiang, the bidding representative, was prohibited from participating in military procurement activities within the above scope on behalf of other suppliers. After investigation, the company participated in procurement activities for a co-extruded infusion film procurement project in Luoyang, and there were irregularities such as “MissZhang” being the author of the electronic tender documents of two suppliers, Hubei Huaqiang and Hebei Taihua. The company's sales of military materials engineering services in the last 3 years have mainly been medical protective masks and other epidemic prevention materials. Among them, sales revenue from military materials engineering services did not account for more than 0.25% of the main business revenue in 2023, so it is currently expected that this illegal handling decision will have little impact on the company's production and operation. The company's products can still be supplied to the military, military industrial groups, channels and industry customers.

Zhitongcaijing · 5d ago
Huaqiang Technology announced in the evening. The military procurement network issued an announcement on May 10. The Procurement Planning Department of the Joint Security Force Battle Service Department decided to ban the company from participating in military material engineering service procurement activities for 3 years from April 17, 2024, in accordance with the relevant regulations on military supplier management. During the ban period, other enterprises controlled or managed by the legal representative Wang Dongmin were prohibited from participating in military procurement activities within the above scope, and Tan Qiang, the bidding representative, was prohibited from participating in military procurement activities within the above scope on behalf of other suppliers. After investigation, the company participated in procurement activities for a co-extruded infusion film procurement project in Luoyang, and there were irregularities such as “MissZhang” being the author of the electronic tender documents of two suppliers, Hubei Huaqiang and Hebei Taihua. The company's sales of military materials engineering services in the last 3 years have mainly been medical protective masks and other epidemic prevention materials. Among them, sales revenue from military materials engineering services did not account for more than 0.25% of the main business revenue in 2023, so it is currently expected that this illegal handling decision will have little impact on the company's production and operation. The company's products can still be supplied to the military, military industrial groups, channels and industry customers.