According to the Zhitong Finance App, Chaohua Technology (002288.SZ) issued an announcement. The company recently received a “Notice Concerning the Company's Discontinuation and Rectification” from Guangzhou Taihua Multilayer Circuit Co., Ltd. (hereinafter referred to as “Guangzhou Taihua”), a wholly-owned subsidiary.

Reason for discontinuation of production and rectification: Affected by the epidemic in recent years, production scale has declined year by year, and poor management by Guangzhou Taihua's management has led to losses for several years in a row. In order to ensure the continuous development and stable operation of listed companies, Guangzhou Taihua was discontinued and rectified.

The announcement said that after Guangzhou Taihua stopped production and was rectified, it is expected that it will not be possible to resume production in a short period of time, and it is impossible to predict the specific impact on the company for the time being.