Summary by Futu AI
Centralized Vehicles (Group) Co., Ltd. (“Centralized Vehicles”) issued a notice on April 22, 2024 mentioning that its wholly-owned subsidiary CIMC Intermodal Equipment, LLC (“CIE”) is facing an investigation by U.S. Customs and Border Protection (“CBP”). The investigation stems from CIE being accused of evading anti-dumping duties and countervailing duties imposed by the United States on related products by transporting skeleton vehicles and components imported from China via a Thai subsidiary. CBP has notified CIE on July 24, 2023, of the investigation and will postpone the date of publication of the survey results from February 18, 2024 to April 18. As of the announcement date, the centralized vehicle has not received the results of CBP's investigation. The company said that in the event of any significant developments, the announcement will be made as required. Shareholders and potential investors are reminded to exercise caution.