Huaru Technology has been placed on the military procurement network's suspension list for military procurement
Huaru Technology has been placed on the suspension list of the military procurement network and will be suspended from participating in Air Force material engineering service procurement starting from July 4, 2025, due to collusion in bidding. The company attaches great importance to this matter, has organized a self-examination, and is preparing to appeal, expecting a short-term impact on operations. The company plans to establish and improve internal control systems, enhance standardized operation levels, and strengthen core competitiveness
According to the announcement from Huaru Technology (301302.SZ), the company has been listed on the military procurement suspension list published by the Military Procurement Network (referred to as "Military Procurement Network"). Starting from July 4, 2025, the company will be suspended from participating in procurement activities for air force material engineering services. The reason for the suspension: collusion in bidding.
After being listed on the military procurement suspension list, the company attaches great importance to the matter, immediately organizing personnel for self-examination and actively preparing an appeal. It is expected that this matter will have a certain impact on the company's operations in the short term. The company will establish and improve its internal control system, continuously enhance its operational standards, and further strengthen its core competitiveness
