July 9 (NBD) -- Chinese video surveillance products provider Zhejiang Dahua Technology Co., Ltd. ("Dahua Tech", 002236.SZ) held an investor teleconference Monday to address issues concerning financial deleveraging by the government and China-U.S. trade tension after its share price plummeted last Friday. 

The U.S. House of Representatives recently passed a bill which prohibits the U.S. government from purchasing equipment from several Chinese firms including Dahua Tech. With regard to the ban, Dahua Tech replied that purchase orders from the U.S. or the U.S. government, in particular, took up a small proportion of its businesses and the company expected a low possibility of an overall ban on the U.S. firms from selling chips to Chinese firms.

Dahua Tech also categorically denied the rumor that the company's senior management were taken away for investigation over its public-private-partnership projects in Xinjiang Uyghur Autonomous Region.

Email: tanyuhan@nbd.com.cn