SMTC: The subsidiary's data product "Non-ferrous Metal Spot Index Query" is currently in a "temporarily invalid" status
Shanghai SMTC announced that its wholly-owned subsidiary's "Non-ferrous Metal Spot Index Query" data product is currently in a "temporarily invalid" status due to the failure to reach a transaction. The product was filed and listed at the Shanghai Data Exchange in January 2024 and has not affected the company's operating performance
According to the Zhitong Finance APP, Shanghai Material Trading (600822.SH) issued a risk warning announcement stating that the company has recently noticed high market attention on concepts such as "RDA," "digital currency," and "stablecoin." After the company's self-examination, the data product "Non-ferrous Metal Spot Index Query" developed by its wholly-owned subsidiary Shanghai Nonferrous Metal Trading Center Co., Ltd. was filed and listed at the Shanghai Data Exchange in January 2024. Since the product has not achieved any transactions since its listing, it is currently in a "temporarily invalid" status according to the regulations of the Shanghai Data Exchange, and it has not affected the company's operating performance
