On January 6th, Yaguang Technology announced that the company and its important subsidiaries have been included in the Entity List by the US Department of Commerce. According to the US Export Administration Regulations, suppliers selling EAR controlled items to “Entity List” enterprises need to apply for an export license from the US Department of Commerce in advance. The company’s current production and operation are normal, and being included in the “Entity List” this time will not have a substantial impact on the company’s business. The company will continue to monitor and follow up on the development of subsequent events, further analyze and evaluate the potential impact on the company, and continue to communicate with all relevant parties to do a good job in response.
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