On June 22, Jiquan Technology responded to investor inquiries on an interactive platform, stating that the company has long been dedicated to the research and development of dual-mode communication chips.

The company emphasized that its self-developed products are in complete compliance with the State Grid's newly updated technical specifications.

The formalization and hardening of industry standards are expected to enhance the company's advantage in technological reserves, which will aid in expanding the scale of its supporting supply of communication chips.