Gelonghui, Feb. 2: Kirin Xin'an (688152.SH) announced that according to the military procurement suspension list published by the military procurement network, the company will suspend participation in military procurement activities from January 29, 2024. Reason for suspension: Suspected bid collusion. The above matter is in the investigation stage. The company attached great importance to it, and immediately organized personnel to conduct a self-inspection and actively prepare a complaint in order to eliminate the impact of the matter on the company as soon as possible. The company will further establish and improve internal control systems, continuously improve the level of standardized operation, and enhance the company's core competitiveness.
Currently, the company's overall business situation is normal, and the relevant contracts signed before the suspension date can still be executed normally. During the suspension period, the company cannot participate in military procurement activities, and the company's products can still be supplied to military groups, channels and industry customers. It is expected that this matter will have a certain impact on the company's operations in the short term, but it will not affect the company's continued operation.