Tianlu Technology announced that due to Beijing Baidefu Technology Development Co., Ltd.'s failure to implement the terms of the equipment procurement contract and repeatedly requested changes to the technical terms and commercial terms, the two parties were unable to reach an agreement after communication, and Anhui Jiguang New Materials Co., Ltd., the holding subsidiary of the company, submitted an arbitration application to the Shanghai Branch of the China International Economic and Trade Arbitration Commission. Recently, the company received an “ruling” from the China International Economic and Trade Arbitration Commission, which rejected all of the applicant's arbitration requests.

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