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Why does China Railway Corporation impose 1 year trading restrictions on Okay?
China Railway Corporation responded to the "Okay Cable Problem" today. The railway head office said that the railway department attached great importance to this and quickly organized special forces to conduct a comprehensive investigation on the use of Okay cables in railway projects under construction by construction units. At present, the relevant railway enterprises have all replaced the cables provided by Okay in railway projects such as Baolan, Xicheng, Chongqing-Guizhou and Lanzhou-Chongqing.

The person in charge of the relevant departments of the railway head office said that the railway department always puts railway transportation safety in the first place and will never tolerate any security risks to ensure railway transportation safety. For faulty cables, the railway department will investigate and deal with them according to law and safeguard rights according to law.

At the same time, China Railway's procurement e-commerce platform hangs the "Notice of China Railway on Trading Early Warning for Shaanxi Okay Cable Co., Ltd." this afternoon. According to the notice, after preliminary understanding, some units of China Railway Corporation are purchasing and using products produced by Shaanxi Okay Cable Co., Ltd. In this regard, China Railway has temporarily restricted all products of Shaanxi Okay Company, and the trading period is tentatively set at one year. The final restriction period is further determined according to the results of the incident investigation. During the restricted trading period, all units shall not accept manufacturers or distributors to participate in the procurement activities of cables and related products on behalf of manufacturers' products; For those who have reached the transaction intention before but have not issued the transaction notice, their transaction qualification will be cancelled.

In addition, the notice also requires all units of China Railway to immediately check whether the products of Shaanxi Okay Company are purchased for the projects under construction such as An Metro Line 3 and Chengdu-Chongqing Metro.