Sichuang Electronic: Suspended from participating in military procurement activities starting from January 11, 2026.
SiChuang Electronics announced that on January 11, 2026, JunCai Net issued a notice stating that the General Office of the Logistics Support Bureau of the Military Commission has suspended the company's qualification to participate in the procurement activities of the military material engineering services due to the company's failure to fulfill the contract as required. The company is conducting an internal investigation and preparing to appeal. It is expected to have a certain impact on the material engineering services business in the logistics support field in the short term. This matter does not involve administrative penalties, and the overall operation of the company is normal. Contracts signed before the suspension date are not affected.
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