Kirin Trust and Security (688152.SH) announced that it has recently received a "Violation Punishment Decision" issued by the Management and Support Department of the National Defense University of Science and Technology. After investigation, the company colluded in bidding during the procurement activities of the cloud desktop system construction project (project number: 2023-YK01-W1175).
According to the regulations related to the management of military material engineering service suppliers, the company is prohibited from participating in military material engineering service procurement activities within 1 year, and other companies controlled or managed by its legal representative Yang Tao are also prohibited from participating in such military procurement activities within 1 year. The project agent, Hou Huan, is also prohibited from acting as the agent for other suppliers in the above-mentioned military procurement activities within 1 year. The above-mentioned measures will be in effect from January 29, 2024 to January 28, 2025. If the company does not agree with the decision, it can submit a reconsideration request to the Purchasing Service Center of the Logistics Support Department of the Military Commission within 30 days of receiving the decision.
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