Xinjiang Zhongtai Chemical was included in the 'entity list' by the United States!

According to a report on June 10, the US Department of Homeland Security announced on June 9 local time to ban the import of products from Chinese printer manufacturer Nasstar and Xinjiang Zhongtai Chemical, citing the so-called "forced labor" involved in these enterprises.

On the evening of June 12, Zhongtai Chemical issued a voluntary information disclosure announcement on being included in the entity List by the US Department of Homeland Security.

According to the announcement, on June 10, 2023, Xinjiang Zhongtai Chemical Co., Ltd. was informed that the United States Department of Homeland Security included the company in the entity list of the "Uyghur Forced Labor Prevention Law". The company's operating revenue in 2022 was 55.911 billion yuan, of which domestic revenue accounted for 93.37% and export revenue accounted for 6.63%. The inclusion in the entity list will not have a significant impact on the company's production and operation. At present, the company is fully assessing the potential impact of this incident on the company, and will actively communicate with relevant departments to do a good job of coping.