Regulation & Legal

The roughly $3.8 million in funds stolen in a security breach at the cross-chain swap service NEAR Intents has been returned in full. NEAR Intents general manager Alex Shevchenko disclosed this on X on October 2. NEAR Intents detected the security breach on October 1 and temporarily suspended its service, and a preliminary investigation found that a flaw in the integration between Omni's deposit and withdrawal infrastructure and NEAR Intents' smart contract had led to the loss of about $3.8 million in user funds. The vulnerability was subsequently fixed, and the project said it would fully compensate the affected assets. Shevchenko said he had identified the person involved in the breach, provided multiple addresses for the return of the funds, and demanded their return within 48 hours, calling it the last chance to be treated as a responsible disclosure if the demand was met. On October 2, he posted on X that the roughly $3.8 million in stolen funds had been returned in full, saying the investigation was closed and urging people to use the bug bounty program rather than disrupt the service. ZachXBT, known for on-chain investigations, had pointed out that funds related to the incident were sent to the crypto exchange KuCoin and then bridged to Bitcoin. Meanwhile, details of how user funds will be restored and compensation carried out following the full return are not clear at this point.

Russia's Finance Ministry has begun paying staff salaries using the central bank digital currency known as the digital ruble. According to the ministry, some employees received their salaries in digital rubles for the first time on October 1, after opening digital ruble accounts on the Bank of Russia's platform. Whether to receive salaries in digital rubles is a voluntary choice made by each individual, and the ministry has not disclosed the number of employees involved or the total amount paid. In 2025, the Finance Ministry and the Federal Treasury piloted the use of the digital ruble for federal budget expenditures in Russia, making payments for salaries and scholarships and settling some government contracts, with total transactions amounting to just under 16 million rubles. From January 2026, digital ruble spending in the federal budget will no longer be limited to specific purposes, and the Bank of Russia and the Finance Ministry are jointly advancing its introduction into the budget process. The Bank of Russia positions the digital ruble as a "third form" of the national currency alongside cash and non-cash rubles. It began development in 2021, launched a pilot with real transactions in August 2023, and from September 1, 2026, broad use through major banks and retail companies got under way. Meanwhile, in April the European Union introduced measures as part of sanctions against Russia that prohibit involvement in transactions involving CBDCs such as the digital ruble and support for the development of related projects.

The European Central Bank has set out three models for connecting central bank money to tokenized finance. ECB Executive Board member Isabel Schnabel explained them on October 1 at "The Future of Money" conference in London, hosted by the Bank of England and others. The first model has the central bank directly issuing tokenized reserve deposits on a programmable ledger, making central bank money itself a native asset on a distributed ledger and using it to settle transactions in tokenized financial assets. The second model keeps existing central bank settlement systems in place while connecting to distributed ledger platforms through bridges or synchronization functions; the reserve deposits themselves are not tokenized, and funding and settlement of transactions on the ledger are carried out with conventional central bank money. In the third model, private intermediaries issue on-chain settlement tokens backed by reserve deposits held in an omnibus account at the central bank, and these tokens represent a claim on a private entity rather than a direct claim on the central bank. Schnabel outlined a vision in which tokenized finance preserves the current two-tier structure, keeping central bank money at the core of final settlement between financial institutions while commercial banks provide money and financial services to customers. On September 21, the ECB launched Pontes, which connects distributed ledger platforms with the existing TARGET Services to settle tokenized asset transactions in central bank money, and its long-term Appia project is examining future architectures for tokenized markets, including a unified ledger and multiple interconnected ledgers.

OpenAI CEO Sam Altman said his company remains fundamentally divided with rival Anthropic over how aggressively artificial intelligence should be regulated, arguing that society should tolerate some harms in exchange for the technology's broader benefits and widespread availability. In an interview with Politico's Decoded, Altman said OpenAI favors giving individuals broad access to powerful AI rather than concentrating control among a small number of developers, adding that the world should accept some bad things happening for the benefits of the technology and people having agency. The comments highlight a philosophical difference between two of the leading developers of frontier AI, with Anthropic, led by CEO Dario Amodei, generally advocating stronger safeguards for the most advanced models while OpenAI has favored a lighter regulatory approach. The gap between the companies has narrowed, however, as OpenAI recently supported state laws imposing tougher safety requirements, backed a bipartisan House proposal for independent evaluations of advanced models and agreed with Amodei's call to slow development of the most capable AI systems, following security incidents involving increasingly autonomous AI models. Anthropic pushed back against suggestions that its preferred regulations would entrench the largest developers, with a company spokesperson saying its proposals apply only to frontier models, and Amodei has previously argued that Anthropic deliberately favors policies that impose greater burdens on leading AI companies while giving smaller competitors more room to develop.

Ares Management has warned the Government that forcing through a BT takeover of TalkTalk would damage Britain's standing as a destination for international investment. In a letter sent on Sunday to officials, Ofcom and the Competition and Markets Authority, the US private credit giant said the proposed deal would undermine the UK's pro-business credentials and weaken incentives to invest in the UK's network infrastructure. Ares holds a 7pc shareholding in TalkTalk and has lent the business well more than £500m, including over £380m in funding to TalkTalk alone since August 2024, and is itself rivalling BT to take over the debt-ridden broadband provider. The letter also accused BT of stifling a rival bid from private equity firm Epiris and Ares and of abusing its position as a supplier to remove competition from the market. BT's dominance of the UK broadband sector means its takeover would require ministers to override competition laws, with the Government preparing to invoke pandemic-era laws to help rescue the company, and it was reported on Sunday that BT was preparing a new offer after TalkTalk rejected its initial approach.

President Donald Trump has named Director of National Intelligence Jay Clayton to lead a new White House artificial intelligence task force, giving the intelligence chief a prominent role in shaping the administration's approach to AI risks and U.S. competitiveness. Clayton, who became intelligence director in August, will oversee a panel expected to deliver recommendations within 120 days, according to The Wall Street Journal. The group, which the administration calls the "Super Intelligence Force," will examine both the opportunities and potential dangers posed by increasingly powerful AI systems. The panel will include senior administration officials, with Emil Michael, Scott Kupor and Federal Trade Commission Chair Andrew Ferguson serving as vice chairs, while Vice President JD Vance, Defense Secretary Pete Hegseth, Treasury Secretary Scott Bessent and White House Chief of Staff Susie Wiles are also expected to participate. Outside advisers will include former AI adviser David Sacks and former Secretary of State Condoleezza Rice. The task force will examine existing systems for reporting AI-related security breaches, cyberattacks and other incidents, and will recommend ways the federal government can improve its response using existing legal authority, suggesting at least some measures may not require new legislation.

Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, visited the water gate and semi-permanent pumping station at the mouth of Khlong Rangsit in Ban Mai subdistrict, Mueang district, Pathum Thani province, to monitor the water situation and the drainage of water from Khlong Rangsit Prayunsak into the Chao Phraya River. He was assigned by Anutin Charnvirakul, Prime Minister and Minister of Interior, to prepare for a new wave of rainfall. Ekniti stated that the main problem stems from the volume of water flowing in from Nakhon Nayok province, while the northern water situation remains stable and has not yet caused severe impact. The government has already procured additional water pumps for the area after Pathum Thani province previously requested small pumps or high-speed pumps, and he instructed the provincial governor to make the care of the public the top priority. Regarding the case of Ongkharak district and Khlong 12, where there is a proposal to divert some water to the Rangsit side, Ekniti said water must be managed in an integrated, system-wide manner, since the Rangsit area itself receives water from Ongkharak and Nakhon Nayok, while Bangkok also continues to face flooding problems. He therefore plans to convene a joint meeting of the three parties within one to two days to set a unified water management approach from upstream to downstream, including accelerating drainage in downstream areas such as Samut Prakan province. He also instructed coordination with the electricity authority to prepare backup generators, since power outages in the past have prevented pumps from operating at full efficiency.

Anusorn Thammajai, a former Thai PBS policy board member, vice-chairman of the House committee on monetary affairs, finance, financial institutions and financial markets, and an MP of the People's Party, has come out against a proposal to amend the law governing the revenue sources of the Thailand Public Broadcasting Service, or Thai PBS, shifting it from the organisation's levy collected from excise taxes on liquor and tobacco to the state's annual expenditure budget. He warned that bringing Thai PBS under an annual budget system, in which the government sets the funding ceiling, could destroy the principle of financial independence for public media and reduce its role to that of just another state public relations outlet. Anusorn proposed four policy solutions. The first is to switch to a system of funding bound by an automatic formula, or Formula-Based Funding, with economic reference formulas clearly set out in law, so that the government or a parliamentary majority cannot use discretion to cut the budget for political reasons. The second is to define its status as an expenditure under legal obligation, or a Statutory Fund, to prevent the budget from being suspended or used as a bargaining chip in politics. The third is to raise the level of scrutiny through parliament, requiring Thai PBS to report its operating results and financial value for money directly to parliament, while serving as a base for raising media industry standards and protecting the rights of media workers. The fourth is to reform the organisation's governance instead of stripping away its financial independence. He stated that the budget of the Thai Public Broadcasting Service has been capped by law at no more than 2 billion baht per year since 2008, which is not a threat to fiscal discipline, while the real fiscal risks come from chronic deficits, ineffective binding expenditure obligations, the issuance of an emergency decree for a 400 billion baht loan, and tax revenue lost to corruption of 200 to 300 billion baht a year.

The number of people registering for flood relief payments through the "Tang Rath" application has surpassed 851,547 as of 8:30 a.m. today, with Bangkok recording the highest number of registrations at 371,775, followed by Samut Prakan province with 122,786, Pathum Thani province with 105,525, and Chachoengsao province with 34,604. Ms. Lalida Periswiwattana, deputy spokesperson for the Prime Minister's Office, said the government is accelerating assistance to the public through two approaches. The first is assistance under the Ministry of Finance regulations on government advance funds for emergency disaster victims, with damage assessments currently being carried out by local administrative organizations. This covers home repairs of no more than 88,600 baht per household, agricultural building repairs of no more than 6,800 baht per family, temporary accommodation rent of no more than 2,500 baht per month for up to two months, tools for primary occupations of no more than 13,500 baht per household, 5,000 baht for seriously injured victims hospitalized for three days or more, and 16,600 baht for victims who sustain disabilities. The second is assistance under a Cabinet resolution for disaster victims during the 2026 rainy season, which opened registration through the "Tang Rath" application from 8:00 a.m. on October 2, 2026. Under this scheme, households whose primary residences are flooded for seven days or more receive 9,000 baht per household, while households whose primary residences or high-rise residences are surrounded by water receive 5,000 baht per household. The system is currently open for registration across all 65 provinces in the assistance areas, including all 50 districts of Bangkok. For duplicate registrations at the same house number, the system will use the house identification number as the primary data for verification. Meanwhile, Bangkok has coordinated with the Department of Disaster Prevention and Mitigation to assign officials to facilitate registration for the elderly, the sick, or heads of households who are unable to travel or use the online system, through service points at temporary shelters. In addition, following the large number of repeated notification messages the public received from the systems of the Department of Disaster Prevention and Mitigation and the Digital Government Development Agency last night, both agencies confirmed that the alerts were sent to the same recipients, that no data was leaked and no system was hacked, and that the data forwarding system was suspended from around 10:00 p.m. last night for inspection and repair. They apologized to the public for the inconvenience caused.

Customs officials at Suvarnabhumi Airport arrested two foreign passengers arriving from Jakarta, Indonesia, after discovering more than 56 million baht worth of US dollar banknotes hidden in their luggage. Mrs. Santhani Pairattanakorn, Director of the Passenger Control Customs Office at Suvarnabhumi Airport, said the arrest followed the policy of Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, who instructed the Customs Department to tighten controls on the movement of currency and negotiable instruments into and out of the country in order to curb cross-border currency smuggling and international money laundering. Mr. Phanthong Loykulnan, Director-General of the Customs Department, and Mrs. Nanthita Sirikup, Advisor on Customs Control System Development, instructed officials to intensify inspections of high-risk passengers. The act violated the Ministry of Finance Notification on Exchange Control No. 6, the Ministerial Regulation Prescribing Criteria Concerning the Sending or Bringing of Currency, Foreign Currency, or Negotiable Instruments Out of or Into the Country B.E. 2559, the Exchange Control Act B.E. 2485 as amended by the Exchange Control Act No. 2 B.E. 2559, and the Customs Act B.E. 2560.

Japan may decide to lift its ban on imports of raw U.S. potatoes for uses other than potato chip production sooner than the previously estimated two-to-three-year timeframe, amid pressure from the United States to open up Japan's agricultural market further. A source in the Japanese government said on Saturday, October 3, that some officials estimate Japan could reach a conclusion in about one year if the United States can quickly implement measures required under Japan's plant quarantine rules. The Ministry of Agriculture, Forestry and Fisheries entered the final stage of its process to consider lifting the import ban in September, and is currently discussing with the United States measures against 21 types of pests and pathogens that could be carried on the potatoes. Kyodo News reported that Japan began considering lifting the import ban in 2020 after receiving a formal request from the United States. Currently, Japan allows imports of raw U.S. potatoes only for the production of potato chips, while frozen and processed potatoes can be imported from many countries. However, potato producers in Japan, especially in Hokkaido, Nagasaki and Kagoshima, have expressed concern about the risk of pests and disease, as well as price competition if cheaper U.S. potatoes enter the market in greater volume. Before considering lifting the import ban, Japan's agriculture ministry plans to hold information sessions for domestic producers, gather opinions from experts and open the floor to public comment.

Anutin Charnvirakul, Prime Minister and Interior Minister, chaired a meeting of the National Disaster Prevention and Mitigation Command to monitor flood situations nationwide. He instructed provincial governors in areas prone to or forecast to face disasters to exercise their authority as provincial disaster prevention and mitigation directors and consider declaring disaster zones without waiting for the disaster to occur, and to consider spending budgets based on actual needs in line with regulatory criteria. Anutin also emphasized four directives for accelerating flood management, particularly speeding up damage assessments and approving compensation of 9,000 baht for people affected since September 25-26, 2026, as well as restoring areas where water has receded, public utilities, and preparing Big Cleaning plans. He also ordered governors of 14 southern provinces to prepare for heavy rainfall according to weather forecasts by reviewing area-specific response plans, preparing rescue teams, water pumps, boats, shelters, and evacuation plans for vulnerable groups. He assigned Acting Sub-Lt. Trakul Thotham, Inspector-General of the Interior Ministry, to drill shelter management guidelines with all 14 southern provincial governors, using the shelter at Prince of Songkla University's Hat Yai campus as a standard shelter. He also ordered Ekniti Nitithanprapas, Deputy Prime Minister and Finance Minister, along with Jaraseth Thaiseth, Deputy Interior Minister, to quickly drill damage assessment guidelines for claiming insurance compensation under the national insurance policy together with relevant agencies.

The Ministry of Energy has revealed that repairs to the oil pipeline in the Rama 3 area following the oil leak have progressed significantly. The repair team has completely replaced the 14-metre section of pipe where the leak was found, and is now preparing to clean and inspect the interior of the pipeline, a process known as Run Pig, along the entire oil transport route before it is brought back into service. Ms. Thitipas Chotedechachainan, Secretary to the Minister of Energy, in her capacity as chair of the intensive inspection committee for energy reform, known as the Energy Finale team, together with Mr. Chatchai Khunlohit, Deputy Director-General of the Department of Energy Business, visited the site to follow up on the progress, as well as on safety measures and care for affected residents. Mr. Ekanat Promphan, Minister of Energy, has ordered a detailed examination of water quality around the incident area and will not allow the pipeline to be brought back into service until all inspections meet the required safety standards. The pipeline is expected to return to normal operation within approximately 1 month. The Ministry of Energy has brought in the National Metal and Materials Technology Center, or MTEC, to investigate the true cause of the leak, and has instructed the pipeline's owner company to monitor the health of residents in surrounding areas who may have been affected, and to expedite discussions with operators and shops near the incident site to assess damages and pay compensation as fairly and quickly as possible.

Prime Minister and Interior Minister Anutin Charnvirakul chaired a meeting of the National Disaster Prevention and Mitigation Command at the Phanom Rung meeting room of the Buriram Provincial Hall on 4 October 2026 to monitor flood situations nationwide via video conference, stressing four urgent directives. The first was to accelerate damage assessments and relief payments to the public so they are comprehensive and up to date, especially for damage from 25-26 September 2026 onward, with approvals for relief of 9,000 baht per household to be submitted quickly and funds transferred to affected people as soon as possible. On post-flood recovery, Anutin ordered accelerated drainage, removal of garbage and waste, cleaning of homes and public areas, a Big Cleaning plan, and rapid restoration of utilities including electricity, water, roads, communications and telephone signals so they are usable across all areas. For the southern region, Anutin instructed the governors of all 14 provinces to prepare for the impact of heavy rain forecast by weather agencies, reviewing area-specific response plans, preparing rescue teams, water pumps, boats, shelters and evacuation plans for vulnerable groups, especially in low-lying, hillside and repeatedly flooded areas, while closely monitoring data from the Meteorological Department and the Department of Disaster Prevention and Mitigation and issuing clear, timely advance warnings to the public. He also raised disaster management to a more proactive level, instructing provincial governors in areas where disasters are likely or forecast to use their authority as provincial disaster prevention and mitigation directors to consider declaring disaster zones without waiting for a disaster to occur first, and to consider spending budgets as necessary and based on facts under prescribed criteria and regulations. In addition, Anutin assigned Acting Sub-Lieutenant Trakul Thotham, an inspector of the Interior Ministry, to rehearse and review shelter management guidelines with the governors of all 14 southern provinces, citing the shelter at Prince of Songkla University's Hat Yai campus in Songkhla province as a standard model to adapt, and stressing that temporary shelters must have complete basic facilities including toilets and restrooms, bedding, soap, shampoo, medicines, food, drinking water and recreation areas, as well as separate areas for pets and the separation of vulnerable groups and dependent patients for close care by medical personnel.

Michael Kotlikoff, president of Cornell University, pledged to review the role of fraternities and sororities within the university after heavy criticism over how it handled allegations that a female student was sexually assaulted. In an 8-minute video on Saturday, October 3, he said the incident was deeply disturbing and expressed regret over what the female student had to endure. The case arose after a female student, identified in court documents as Jane Doe, sued Cornell and seven former students, alleging she was drugged and raped by multiple members of the Chi Phi fraternity in 2024. She also alleged the university did not do enough to discipline some of the accused students. The accused have denied all wrongdoing. Cornell said the university investigated the matter thoroughly, barred Chi Phi from operating on campus, and imposed a range of disciplinary measures, including expelling some students. New York Governor Kathy Hochul appointed New York Attorney General Letitia James as a special prosecutor to investigate the case, saying new information had left her without confidence in the local prosecutor, who had previously decided not to charge those involved.

Microsoft's official X account was hijacked to promote a fraudulent cryptocurrency tied to Clippy, the company's paperclip-shaped virtual assistant. The attackers pushed the so-called $Clippy token by reposting a related account, and that fraudulent account has since been suspended by X's team. The campaign used a nostalgia trick, promising that Microsoft would bring Clippy back if the post accumulated 500,000 likes, and it falsely claimed the scam token was paired with Microsoft's own stock, MSTF. It is not clear how the attacker gained access to the account, nor how much they earned, and even an apparent Microsoft apology distancing the company from the hack and threatening legal action was itself not published by the company. Microsoft's X accounts have been targeted before: in June 2024, Microsoft's India X account was hacked to promote Keith Gill, better known as Roaring Kitty of GameStop fame, advertising a GameStop cryptocurrency pre-sale that redirected users to a website that could drain their wallets.

The Ministry of Transport has instructed Aeronautical Radio of Thailand, or AEROTHAI, to prepare a proactive response plan for storm conditions and volatile weather from 4 to 7 October 2026. Deputy Transport Minister Phattharaphong Phattharaprasit said he had received orders from Deputy Prime Minister and Transport Minister Phiphat Ratchakitprakarn to closely monitor the situation and to direct AEROTHAI, which operates under the ministry's supervision, to assess in advance the impact on flight routes and airports and to adjust air traffic management in line with actual conditions, coordinating continuously with the Meteorological Department, airports, airlines and related agencies. AEROTHAI board member Panya Chupanich said the agency has put in place measures to cope with volatile weather that could affect flight visibility and routes, tracking aviation meteorological data from both forecasts and actual conditions, and setting procedures for cases where flights must divert around weather, hold in a circling pattern, or reroute to alternate airports, as well as adjusting flight paths, sequencing flights and managing traffic density appropriately. It will also notify inbound flights at all airports to carry reserve fuel to cover delays, and has ordered air traffic control centres nationwide to raise their level of vigilance in risk areas. AEROTHAI asked passengers travelling between 4 and 7 October 2026 to check their flight status with their airline before departure and to allow extra time for travel to the airport, as weather conditions may change and affect flight times and routes at certain periods.

Pattrapong Pattrapasit, Deputy Minister of Transport, together with Anutin Charnvirakul, Prime Minister and Minister of Interior, visited the temporary shelter at Wat Ban Kaeng in Ban Kaeng subdistrict, Mueang Nakhon Sawan district, Nakhon Sawan province, to offer encouragement and hand out relief bags to flood victims. The delegation then traveled on to Sak Ngam subdistrict in Khlong Lan district, Kamphaeng Phet province, to inspect the Nong Prue-Tha Kabak bridge, whose structure was severely damaged by flash floods, cutting off the road connecting to the bridge. Pattrapong said that several days of continuous heavy rain had affected a total of 8 road and bridge sites, with 3 heavily damaged locations: the Ban Khlong Phrai road, the community bridge across Khlong Wang Chao, and the Ban Nong Prue-Tha Kabak bridge, which no vehicles can cross. The Ministry of Transport has drawn up a two-phase response plan. In the urgent phase, it will coordinate with the Department of Disaster Prevention and Mitigation and related agencies to procure temporary steel bridges or Bailey bridges and install them in the affected areas as quickly as possible, especially at the Nong Prue-Tha Kabak site, which spans about 96 meters. The situation will be reassessed after the monsoon period ends between October 5 and 9, and the embankment is expected to be reinforced to support the installation of a Bailey bridge. In the long term, the Ministry of Transport will allocate a budget to build new bridges to replace the damaged ones as quickly as possible.

Trip.com Group reported quarterly results with earnings per share above analyst estimates, supported by its mix of accommodation, transportation ticketing, and package-tour services across global markets. The beat, according to Simply Wall St, supports the view that Trip.com's technology-driven platforms and expanding international travel offerings are strengthening the resilience and breadth of its business model, though it does not materially change the key near-term catalyst of sustaining international growth. The most relevant recent development alongside the earnings beat is a July 2026 administrative penalty from China's SAMR, which Trip.com has said will prompt governance rectifications, bringing regulatory risk into sharper focus around higher compliance costs and potential limits on high-margin services. Trip.com Group's narrative projects CN¥85.8 billion in revenue and CN¥15.6 billion in earnings by 2029, yielding a $58.45 fair value, a 53% upside to its current price, while bullish analysts assume revenues near CN¥91.8 billion and earnings around CN¥18.8 billion by 2029.

Huamao Technology announced on the evening of September 30 that it had received a notice from the Shanghai Stock Exchange suspending review of its share and cash issuance to purchase assets and raise supporting funds, as well as the related-party transaction, due to updates to financial data and appraisal information in its filing documents. The company plans to acquire a 9.93% stake in Fuchuang Youyue and assets including Yinrui Technology. Because the audited financial data and appraisal report expired on September 30, 2026, the company applied to suspend the review and is advancing supplementary audits, appraisals, and document updates. The suspension will not have a material adverse impact on the transaction, and the company's operations remain normal. It is reported that on September 30, 2025, the company disclosed an announcement stating its plan to purchase, through share issuance and cash payment, a 9.93% stake in Shenzhen Fuchuang Youyue Technology Co., Ltd., a 100% stake in Shenzhen Yinrui Technology Co., Ltd., 100% of the capital contribution shares in Shenzhen Fuchuang Youyue No. 1 Enterprise Management Partnership, 100% of the capital contribution shares in Shenzhen Fuchuang Youyue No. 2 Enterprise Management Partnership, and 100% of the capital contribution shares in Shenzhen Fuchuang Youyue No. 3 Enterprise Management Partnership. At the same time, it plans to issue shares to its controlling shareholder, Dongyang Huasheng Enterprise Management Partnership, to raise supporting funds. The latest announcement shows that over the past year, the Shanghai Stock Exchange has temporarily suspended review of the company's transaction several times because financial data had expired and needed to be resubmitted. Huamao Technology stated that the suspension will not have a material adverse impact on the transaction, the company's operations are normal, and the company and relevant intermediaries are actively advancing supplementary audits, supplementary appraisals, and updates to application document data. Once this work is completed, the company will submit updated application materials to the Shanghai Stock Exchange as soon as possible and promptly apply to resume the review. Huamao Technology is mainly engaged in the research, development, production, and sales of automotive passive safety components. In the first half of 2026, the company achieved operating revenue of 1.091 billion yuan, a year-on-year decrease of 1.53%, and net profit attributable to the parent company of 23.2857 million yuan, a year-on-year decrease of 82.95%.