Yaguang Technology Group (SHE:300123), along with its subsidiary Chengdu Yaguang Electronics, was among the companies added by the US Department of Commerce to its entity list for the revised export administration regulations (EAR), according to a Shenzhen Stock Exchange disclosure on Monday.
Companies included in the list, which mostly sell EAR-controlled products, are required to apply for an export license in the US.
The Chinese microwave radio frequency electronics manufacturer said the inclusion in the list will not affect its operations, the disclosure said.
The company's shares soared 10% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.