Regarding the fact that the US side will re-revise the "list of entities" as if it were thunderous, it exploded in the early hours of the morning.
On October 7, US time, the US Department of Commerce's Bureau of Industrial Security (BIS) pre-released a final rule in the Federal Register, "Entity" listed in Supplementary Document 4 of the Export Administration Regulations (EAR) Chapter 744 The Entity List was revised to include 28 Chinese entities in the Export Control Entity List.
The final decision will be officially released on October 9th in the Federal Register, and the effective date will be determined when it is officially released.
The following is a list of the 28 new companies and institutions added this time:
What is of great concern to the industry is that among the 28 newly added companies, Dahua, Hikvision, Shangtang Technology, Yitu Technology, Keda Xunfei, Defiance Technology, Meiya Boke, and Yuxin Technology 8 Home technology companies are listed. In order to alleviate the impact of this emergency, 7 of the 8 companies responded to the matter in the first time.
After the incident, Hikvision immediately issued the "Notice on Suspension of Major Events". After applying to the Shenzhen Stock Exchange, Hikvision has been suspended since the market opened on October 8, 2019, and resumed trading on October 10, 2019.
At the same time, on October 8, Hikvision’s senior vice president and secretary-general Huang Fanghong said that Hikvision strongly opposed the US Department of Commerce’s inclusion of the company in the entity list. This decision has no factual basis and calls for the US government to be fair and just. The principle of non-discrimination, re-examined and removed Hikvision from the list of entities. At the same time, Hikvision will adopt all reasonable and appropriate economic programs to safeguard the rights of the company and its partners. At the same time, we will implement various response plans, and the company has the ability to provide customers with quality products and services continuously and steadily.
Dahua shares suspended
Like Hikvision, Dahua announced on the afternoon of October 8 that the company was informed that the US Department of Commerce intends to list eight Chinese companies on the entity list, and the company was included. The company's stock will be suspended from the market on October 8 and will resume trading no later than October 10.
HKUST News fell 2.67%
HKUST is the only listed company that has not chosen to apply for suspension, which also caused the company's share price to fluctuate on October 8. However, the overall volatility is not large. Obviously, this matter has no obvious impact on the company's share price. As of the close, the HKUST reported that it closed at 31.01 yuan/share, down 2.67%.
Keda Xunfei said that the company has the world's leading artificial intelligence core technology. These core technologies are all derived from the independent research and development of HKUST, and have independent intellectual property rights. The inclusion of the entity list will not have a major impact on the company's daily operations. The company has plans for this situation and will continue to provide customers with quality products and services.
Keda Xunfei also stressed that the company actively advocates the corporate values of Sunshine Health, complies with applicable laws and regulations, and product technology is widely used in social and inclusive fields such as education and medical care. We will actively appeal to relevant US government departments.
Despise technology: take a response plan
In addition to the three listed companies mentioned above, Vision Technology, which has launched an IPO, also responded to this matter today. Defiance of the technology announcement, we are strongly protesting this decision regarding the fact that the US Department of Commerce has included contempt in the list of entities without any factual basis.
Defying as a leading enterprise in artificial intelligence in China, we focus on providing business intelligence solutions to our customers. We adhere to the mission of “making humanity with artificial intelligence” from beginning to end, ensuring that our technology has a positive impact on society and complying with all areas in which we provide services. Laws and regulations. We strictly enforce data privacy and security policies.
In response to the actions of the US Department of Commerce, contempt will take countermeasures in all aspects and continue to provide customers with stable and high-quality services with professional and reliable technology and products. We will keep in touch with the US government and the Ministry of Commerce and update relevant information in real time.
In addition, Shangtang Technology, Meiya Baike, and Yitu Technology, which are also on the list, have also voiced this new “entity list”.
Shang Tang Technology: Maximize the protection of company interests
Shang Tang Technology said that we strongly oppose the inclusion of Shang Tang Technology in the list of entities by the US Department of Commerce and called on the US government to re-examine it.
We strictly abide by the laws and regulations of relevant countries and regions. At the same time, we develop and implement rigorous ethical standards for the use of artificial intelligence technology, enabling artificial intelligence technology to obtain the right application, and promoting the development of artificial intelligence technology in the most responsible manner.
Shangtang Technology will actively communicate with all parties on this matter as soon as possible to ensure fair and equitable treatment. We are confident that we can maximize the protection of our customers, partners, investors and employees.
Mayaco: Overseas income accounts for less than 1%
Meiyabo said that the company is a key software company within the national planning layout. Most of the company's software products are self-developed and have independent intellectual property rights. A small number of software product suppliers are mainly domestic enterprises with independent intellectual property rights. The main supporting hardware products purchased by the company are general-purpose and commercial-type related complete machines and modules, which are highly replaceable, and most of the suppliers are domestic manufacturers. The company's main customers are domestic, and overseas sales account for a small proportion, less than 1% of the company's sales revenue. This remark shows that the US blacklist of export controls has a very limited impact.
According to the technology: expect to be treated fairly
According to a statement issued by the company, it was strongly opposed to being included in the “list of entities” by the US Department of Commerce. As a startup that is committed to combining leading artificial intelligence technology with industry applications, EtuTech has been aiming to build a safer, healthier and more convenient world since its inception. Technological innovation is empowering all human beings and is the driving force behind our efforts to solve world-class propositions. We comply with all laws and regulations in the countries and regions where we provide services and adhere to the proper use of artificial intelligence technology. Etu Technology will actively communicate with relevant parties on this matter and expects to be treated fairly and fairly by the US government.
As of press time, seven of the eight Chinese technology companies appearing in the list of new entities have responded to this matter, leaving only one of the company's products.