Observing Defense (688287.SH) announced that, after self-examination, the company found that there was a violation of providing guarantees to external parties with bank term deposits. As of May 29, 2024, the company still had 138 million yuan in term deposits in pledge-restricted status. Recently, the company signed a "Supplementary Pledge Contract Agreement" with Beijing Bank Co., Ltd. **** Branch, and both parties agreed that the "Pledge Contract" signed on April 28, 2024 would be terminated early on June 23, 2024, and both parties have already completed the procedure for releasing the pledged assets under the original contract. The company's 138 million yuan term deposit guarantee has been released.