On December 13, SenseTime announced that its global offering and listing would be delayed. On December 10, 2021, the U.S. Treasury Department included SenseTime Group Co., Ltd. in the "List of Non-SDN Chinese Military Complex Enterprises.", the announcement said. In order to protect the interests of the Company's intended investors and to help consider the potential impact of the latest developments on its investment decisions, the Company makes the following announcements.
The Board of Directors announced that the global offering and listing will be delayed and that the Company expects to publish a supplementary prospectus, a supplementary prospectus amendment and a supplementary prospectus, which will contain the updated listing schedule, the relevant application procedures for the Hong Kong offering and other relevant information. The Company remains committed to completing its global offering and listing as soon as possible. All applications will be refunded to all applicants without interest.
On December 10, 2021 local time, the U.S. Department of the Treasury announced that SenseTime would be added to the list of so-called "Chinese military-industrial complex enterprises". In this regard, SenseTime issued a statement on December 11 saying that it strongly opposed this decision and related allegations. "We believe that this decision is unfounded from the relevant allegations and reflects a fundamental misunderstanding of our company. Technological development should not be influenced by geopolitics. Previous announcements showed that SenseTime is expected to go public on December 17.
SenseTime said that it strictly abides by the laws and regulations of relevant countries and regions in all aspects. In addition, SenseTime's Ethics Committee recruits internal and external experts to develop and oversee the implementation of strict ethical standards for the use of AI technologies so that AI technologies can be properly applied. At the same time, SenseTime has extensively cooperated with third-party institutions and international organizations to formulate a series of ethical governance principles for the sustainable development of artificial intelligence to promote the sustainable development of artificial intelligence technology in a responsible manner.
![Before he hit SenseTime, he sat on the cold bench for three years[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)