The seven-day evening announcement of the special message of 7 May in China’s latitude stated that the company had received in recent days a communication from the Chinese Licensing Office (Centre No. 00720239) concerning the company’s alleged disclosure of information in violation of the laws and regulations and the Chinese People’s Republic of China’s Administrative Penalty Act, etc., the Chinese Licensing Board decided to open a case against the company.

The announcement states that the company is currently operating on a regular basis. The company will actively cooperate with the relevant work of ACCP and will strictly comply with the regulatory requirements for disclosure of information.

According to public information, the main venture of the Insulated City Info Ltd. is R&D, production and marketing of four major industries, “optic fibre-optic cable + smart access + military engineering information plus smart service”. The main products of the company are fibre-optic cables, smart access, engineering information and intelligence services.

A quarterly report in 2023 showed that the company’s main venture income was $972 million, up by 22.14 per cent, and that the net profit lost by shareholders belonging to the listed company was approximately $103.6 million, with a loss of surplus.

On the secondary market, special information dropped by 1.5 per cent on a five-day basis and was reported to be $7.86 per unit. (Recent latitude APP)