Raycus announced in the evening that on November 8, the company received a written notice from Cangzhou LEAD Laser Laser Technology Co., Ltd. (hereinafter referred to as "Cangzhou LEAD Laser"), the parent company of its customer Wuhan LEAD Laser Intelligent Laser Technology Co., Ltd. (hereinafter referred to as "Wuhan LEAD Laser"): Cangzhou LEAD Laser and Wuhan LEAD Laser are basically in a state of suspension due to funding problems. Cangzhou LEAD Laser communicated with the local government, major cooperative banks and shareholders of the company and decided to conduct bankruptcy reorganization of Cangzhou LEAD Laser. An application has been submitted to the local court. The company will closely monitor the progress of the reorganization and actively safeguard the company's rights and interests through legal channels.
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