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The company also said that it anticipates one of its CIIE blockbuster exhibition products - an immunotherapy that successfully completed phase III global clinical trials in hepatic cellular cancer in late October and for which the company is making a new drug application in the United States, Europe and China simultaneously - to make its world debut in China.

The company employed about 125,000 full- and part-time staff on Feb 1. It plans to keep about 82 percent of full-time staff. Best Buy CEO Corey Barrie will take a 50 percent cut in salary and other top executives will cut their pay by 20 percent.

The company added that information communications technology, or ICT, has become a cornerstone of modern society and the main driver behind sustainable social, economic, and environmental development.

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The collapse of the high-profile deal is the latest in a string of Chinese acquisitions of US companies that were torpedoed by the CFIUS. Following US government opposition, aluminum manufacturer Zhongwang USA LLC dropped its bid to buy US metals producer Aleris Corp in November.

The company -- owned by Hong Kong-listed WH Group --announced the closing on Sunday as state health officials said 293 of the 730 people who have been diagnosed with COVID-19 in South Dakota work at the Sioux Falls plant, which employs about 3,700 people.

The commission also required local authorities to use the internet and mobile applications to provide services including consultations, health management and enquiries.

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The company has completed eight rounds of pre-IPO fundraising, receiving 958 million yuan (6 million) from institutional investors, including Sequoia Capital China, which holds a 4.96 percent stake in the firm.

The commission and its partner agencies in 16 districts have since Feb 24 been conducting comprehensive investigations on 720 multinational corporations, which either have Shanghai as its regional headquarters, or are recognized as "key foreign-funded enterprises" by the local authorities.

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The committee has always safeguarded the country's dignity and interests during international exchanges, especially when it involves Taiwan and Tibet issues, the report said.

The commission said it will continue to promote high-quality development in the sectors and maintain their bottom line of zero systemic financial risk.