Beijing, September 21, 2026 - The Asian Infrastructure Investment Bank (AIIB) has announced the three (3)-year debarment of Beijing Pan’an Yunchuang Technology Co., Ltd. (Pan’an) for a Fraudulent Practice in relation to Pan’an’s involvement in an AIIB Corporate Procurement for a security software maintenance service contract.  

According to the facts of the case, Pan’an engaged in a Fraudulent Practice when it failed to disclose in its bid and by misrepresenting in the ineligibility declaration, an actual and potential conflict of interest to avoid being excluded from the Tender.

This debarment decision by AIIB’s Sanctions Officer makes Pan’an ineligible to be awarded and/or participate in additional contracts for Projects (as defined in the PPP) for a period of three (3) years, in accordance with Section 7.2.2 of the PPP. For a complete list of AIIB debarred entities, please visit AIIB's Debarment List.

About AIIB Investigations and Sanctions

Investigation and sanctions decisions in relation to AIIB-funded projects and activities are guided by AIIB’s Policy on Prohibited Practices (PPP), which also defines all sanctionable Prohibited Practices. Investigations into allegations of Prohibited Practices are carried out by AIIB’s Complaints-Resolution, Evaluation, and Integrity Unit (CEIU). AIIB sanctions are imposed by its Sanctions Officer. Appeals of decisions by the Sanctions Officer are reviewed by AIIB’s Sanctions Panel, whose decision is final.