the company has been placed on the military procurement suspension list by the Military Procurement Network
Gaoling Information announced that, effective October 27, 2026, the company has been placed on the military procurement suspension list by the Military Procurement Network, suspending its eligibility to participate in military material, engineering, and service procurement activities. The suspension applies across the entire military, with the processing department being the Army Procurement Management Department. Associated personnel are legal representative Feng Zhifeng and authorized representative Cheng Yibai. The company stated that sales revenue from this channel accounted for less than 5% of its total business revenue and gross profit accounted for less than 3% in the past three years. Therefore, the suspension from participating in military procurement activities will have a minor impact on the company's production and operations. The company will file an appeal in accordance with regulations, and the outcome of the appeal is uncertain.
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