Xinwei Communications announced that recently, according to a source quoted by Nikkei Asia, “a North American company reportedly requested suppliers to exclude Chinese employees and equipment.” A large number of investors expressed concern about the incident. In response to the above situation, the board of directors of the company attached great importance to it and immediately organized relevant departments to conduct a comprehensive inspection of the company's supply chain, production layout and staffing situation involving commercial satellite communication services. After verification, the news had no factual basis, and there were no changes to the terms of business cooperation between the company and the customer. The company is currently in a normal state of production, delivery and R&D of commercial satellite communication related business products. The company maintains long-term and stable cooperative relationships with relevant major customers, and various businesses are progressing steadily according to the plan. The company moved production lines for commercial satellite communication related products to overseas production bases such as Vietnam last year. At present, the production facilities at the company's overseas bases are perfect, the technical team is mature, and related production lines have achieved large-scale production and continuous stable delivery to customers.

Xinwei Communications announced that recently, according to a source quoted by Nikkei Asia, “a North American company reportedly requested suppliers to exclude Chinese employees and equipment.” A large number of investors expressed concern about the incident. In response to the above situation, the board of directors of the company attached great importance to it and immediately organized relevant departments to conduct a comprehensive inspection of the company's supply chain, production layout and staffing situation involving commercial satellite communication services. After verification, the news had no factual basis, and there were no changes to the terms of business cooperation between the company and the customer. The company is currently in a normal state of production, delivery and R&D of commercial satellite communication related business products. The company maintains long-term and stable cooperative relationships with relevant major customers, and various businesses are progressing steadily according to the plan. The company moved production lines for commercial satellite communication related products to overseas production bases such as Vietnam last year. At present, the production facilities at the company's overseas bases are perfect, the technical team is mature, and related production lines have achieved large-scale production and continuous stable delivery to customers.