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Feb 08, 2022 07:30 PM (GMT+8) · EqualOcean
According to the announcement of YaoMing biotechnology, the company notes that the Bureau of industry and security of the Department of Commerce of the United States of America has included its two subsidiaries, Wuxi Yaoming Biotechnology Co., Ltd. and Shanghai Yaoming Biotechnology Co., Ltd. in the unverified list. The company understands that these subsidiaries are included in the unverified list because the relevant U.S. government agencies are unable to carry out the necessary verification procedures to export the corresponding equipment from U.S. suppliers. The unverified list is different from the entity list. Inclusion in the unverified list does not mean that U.S. exporters cannot interact with the people on the list, nor does it mean that there are specific, valuable and explicable national security or foreign policy issues with the people concerned. The company is actively taking temporary measures to remove these subsidiaries from the unverified list. The trading of the shares of the company has been suspended on the stock exchange since 10:51 a.m. on Tuesday, February 8, 2002, pending the publication of this announcement. The company has applied to the stock exchange for resumption of trading of the company's shares from 9:00 a.m. on Wednesday, February 9, 2002.

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