Top suggestions for [In response to our inquiry regarding how SP ensures compliance with export controls, the Company understood that there was no formal process nor screening procedure. Rather, analysis of whether a certain item contains US-origin components exceeding 25% threshold or US-origin technology is only conducted if requested by a customer to provide such information. In these cases, SP’s procurement staff would provide information of the cost price of the US-origin items and the sales team will provide the selling price of the SP good. Together, the two teams will determine whether the SP good contains more than 25% components originated from the United States.]refine |
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