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New Universal Science and Technology Suspends Subsidary's Operations
New Universal Science and Technology (300472.SZ): Subsidiary Wanxiang New Universal in Ningxia temporarily suspends production.
On December 4th, Gelonghui reported that New Universal Science and Technology (300472.SZ) announced that its wholly-owned subsidiary Wanxiang New Universal (Ningxia) Asia Vets Eco-friendly Technology Co., Ltd. has decided to implement a temporary shutdown, which is expected to last until March 1, 2025. During the shutdown period, production will be resumed based on market demand changes, and information regarding the subsequent resumption of production will be disclosed in a timely manner. In recent years, due to multiple factors such as the delay in the collection of accounts receivable and intensified market competition, the company's cash flow has become tight, significantly impacting the company's capital turnover, production operation, and market expansion. Considering the objective situation of Wanxiang New Universal Ningxia's products, market, funding, and operation costs.
new universal science and technology (300472.SZ) terminates the implementation of the 2024 restricted stock incentive plan.
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Shareholder Zhang Yu of new universal science and technology (300472.SZ) has completed a shareholding reduction of 1%.
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