Dongtu Technology: Being included in the Entity List has little impact on production, operation and business layout

On July 12, Dongtu Technology issued an announcement stating that the company noticed on July 10, 2021 that the official website of the U.S. Department of Commerce announced that Beijing Dongtu Technology Co., Ltd. and its subsidiary Beijing Dongtu Junyue Technology Co., Ltd. (hereinafter referred to as "Dongtu Junyue") were included in the Entity List.

Dongtu Technology is a high-tech enterprise that operates in compliance with regulations. It has long been committed to the research, development, production and sales of core hardware and software products for the Industrial Internet. It has formulated international standards for industrial control broadband buses, and built a full-stack solution for the Industrial Internet based on operating systems, industrial network communication equipment, software-defined control edge servers, industrial application software and other products. It has a number of core independent intellectual property rights for the Industrial Internet. Its technology route represents the future direction of technological development and has been recognized by a large number of customers.

According to relevant U.S. regulations, Dongtu Technology and its subsidiary Dongtu Junyue have been included in the Entity List. For products or technologies subject to the U.S. Export Control Regulations, suppliers must obtain export licenses from the U.S. Department of Commerce before they can supply the company. However, the company's sales of products and services to domestic customers and continued exports to the United States and other countries will not be directly affected by the company and its subsidiaries being included in the Entity List and subject to regulatory restrictions. At the same time, the company has made relevant preparations in advance for possible market risks and continues to carry out replacement work for corresponding components and materials. The company has always maintained an open and cooperative attitude, providing high-quality products and services to customers from all walks of life at home and abroad, and promoting the continued healthy growth of the company's business.

Dongtu Technology said that, in summary, the impact of this matter on the company's production, operation and business layout is controllable. The company will further analyze and evaluate the impact of this matter on the company, and continue to communicate with all relevant parties to do a good job in various response work.