B · Normal
[Gaoling Information: Suspended from participating in military procurement activities] On October 27, Gaoling Information (688175.SH) announced that the company was included in the military procurement suspension list by Juncai.com, and its qualifications to participate in military material engineering service procurement activities will be suspended from October 27, 2026, because of providing false materials for bidding. The only ways for the company to directly participate in military procurement activities include the Military Procurement Network and the Military Weapons and Equipment Procurement Information Network. The scope of impact of this suspension is only the Juncai.com procurement channel. In the past three years, the sales revenue of this channel accounted for less than 5% of the company's overall business revenue, and the gross profit accounted for less than 3%. The suspension of participation in the Juncai.com procurement activities has little impact on the company's production and operations.
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