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Galaxy Bearings Limited has been removed from the U.S. OFAC Specially Designated Nationals and Blocked Persons (SDN) List. This development concludes previous proceedings, enabling the company to now conduct transactions with U.S. entities and utilize the U.S. financial system. This removal is expected to normalize Galaxy Bearings' international business operations, especially dealings with U.S. counterparties and financial institutions, positively influencing its global trade and growth for shareholders.