*ST Hangtu: Suspended from Military Procurement Activities for One Year

36Kr reports that *ST Hangtu announced it received a notice from the military procurement network. Due to providing false materials in a bid, the procurement management department of the Aerospace Force decided to suspend the company's qualification to participate in material, engineering, and service procurement activities for the Aerospace Force from October 8, 2026, to October 8, 2027. The company stated it will actively apply for reconsideration, noting that the matter is expected to have a negative impact on its production, operations, and performance. The company plans to expand its civilian and overseas businesses to mitigate the adverse effects.