2024-08-16
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Source: AMEC WeChat Official Account
On August 16, China Micro, whose A-share market value reached 90 billion yuan, published a statement on its WeChat official account:"China Micro Corporation formally sued the U.S. Department of Defense for being included in the list of Chinese military enterprises"。
The content is as follows:
Shanghai Advanced Micro-Semiconductor Equipment Co., Ltd. (hereinafter referred to as "AMEC") announced today that it has formally filed a lawsuit in a U.S. court, challenging the U.S. Department of Defense's decision to include it in the Chinese Military Companies List (hereinafter referred to as the "CMC List").
January 31, 2024 (EST),The U.S. Department of Defense has included China Micro Corporation on the CMC list in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021.AMEC firmly believes that the U.S. Department of Defense's decision to include AMEC in the CMC list is wrong, inconsistent with the facts, has no legal basis, violates due process, and has caused serious damage to AMEC's reputation.
Since being included in the CMC list, AMEC has done its best to actively communicate with the US Department of Defense, clarify the facts, provide sufficient evidence to prove that it does not meet the identification criteria of the CMC list, and request that AMEC be removed from the CMC list. Unfortunately, as of the date of the formal prosecution, AMEC has not yet achieved its wish.Therefore, AMEC had to take legal action and request the court to require the U.S. Department of Defense to revoke its erroneous decision in order to eliminate misunderstandings, safeguard AMEC's legitimate rights and interests, and protect the interests of AMEC's shareholders, customers and partners.
AMEC has always adhered to legal and compliant operations, strictly abided by domestic and international laws and regulations, and has never participated in any military-related activities.On January 14, 2021 (Eastern Time), the U.S. Department of Defense listed AMEC on the Communist Chinese Military Companies List. After AMEC appealed to the U.S. Department of Defense with sufficient facts and evidence, AMEC was successfully removed from the list on June 3 of the same year (U.S. time).
Dr. Zhiyao Yin, Chairman and General Manager of AMEC, said: "We are deeply shocked by the U.S. Department of Defense's re-listing of AMEC on the CMC list. This decision is wrong and unfounded. We believe that the court will make a fair ruling to remove AMEC from the CMC list. At the same time, we are willing to continue to communicate with the U.S. Department of Defense to resolve the existing disputes in a friendly and appropriate manner."