Megvii's response was blacklisted by the United States: the list will not have an impact on the company's daily operations

In response to the US Treasury Department's inclusion of Megvii, DJI and other 8 companies in the list of so-called "China Military-Industrial Complex Enterprises (NS-CMIC)" in the early this morning, Megvii Technology issued a statement expressing strong opposition, "This decision and related allegations are groundless." Megvii said in a statement that the U.S. government had included Megvii on its "entity list" in 2019 with the same allegations. The Company reaffirms that Megvii has always adhered to the mission of "benefiting the public with artificial intelligence", ensuring that our technology has a positive impact on society and complying with all laws and regulations in the regions where the services are provided. This inclusion in the list will not have an impact on Megvii's daily operations. The company will continue to promote the advancement of artificial intelligence technology to create maximum value for customers and society.