Zhenxin Technology announced that the holding subsidiary Chengdu Guoxing Communications Co., Ltd. was banned from participating in material engineering service procurement activities within the Western War Zone for 3 years from January 6, 2026 due to collusive bidding and other irregularities in the project. Although Guoxing Communications has had no business dealings with the Western War Zone in the past five years, the most recent relevant contract amount was 989,500 yuan, accounting for 0.17% of the company's revenue in 2020. The company stated that the decision has no significant impact on current production and operation, and will strengthen the internal control system to improve the standard operation level and core competitiveness.

Zhenxin Technology announced that the holding subsidiary Chengdu Guoxing Communications Co., Ltd. was banned from participating in material engineering service procurement activities within the Western War Zone for 3 years from January 6, 2026 due to collusive bidding and other irregularities in the project. Although Guoxing Communications has had no business dealings with the Western War Zone in the past five years, the most recent relevant contract amount was 989,500 yuan, accounting for 0.17% of the company's revenue in 2020. The company stated that the decision has no significant impact on current production and operation, and will strengthen the internal control system to improve the standard operation level and core competitiveness.