Has the ultra-rich micro-nano Ningbo been sanctioned?

Was sanctioned. According to official website information of Ningbo Court, on May 3, 2023, the Ministry of Commerce, the Ministry of Science and Technology and the General Administration of Customs issued the Announcement on Restricting the Export of Chaofeng Na Wei Co., Ltd. in 2023. According to the announcement, Chaofeng Na Wei Co., Ltd. violated the Foreign Trade Law of People's Republic of China (PRC) and was prohibited from exporting cerium oxide (customs commodity number: 28655).