
Nuobikan distances itself from supplier’s revenue misstatement case

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Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. has clarified its relationship with supplier Hengxin Shambala Culture Co. Ltd., which faced penalties for accounting irregularities. Nuobikan emphasized that its own accounting practices are proper and unrelated to Hengxin's revenue misstatement. The company urged shareholders to exercise caution in trading its shares, aiming to maintain market confidence and distance itself from the supplier's regulatory issues. Nuobikan operates in the AI technology sector and is listed in Hong Kong with a market cap of HK$6.14B.
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