Statement on the President’s Decision Prohibiting the Acquisition by Suirui Group Co., Ltd. of Jupiter Systems, LLC

WASHINGTON — Today, President Trump published an order prohibiting the acquisition by Suirui International Co., Limited, a Hong Kong company that is majority owned by Suirui Group Co., Ltd. (Suirui), a company organized under the laws of the People’s Republic of China, of Jupiter Systems, LLC (Jupiter), a Delaware company (subsequently converted into Jupiter Systems, Inc., a Delaware corporation). The Committee on Foreign Investment in the United States (CFIUS or the Committee) reviewed and investigated this transaction pursuant to Section 721 of the Defense Production Act of 1950, as amended (Section 721). CFIUS identified a national security risk arising from Suirui’s ownership of Jupiter relating to the potential compromise of Jupiter’s products used in military and critical infrastructure environments.