Li Genping
Chinese national linked to Hitex Insulation Ningbo; designated 8 May 2026 in Iran arms-sanctions action.
Last refreshed: 10 May 2026 · Appears in 1 active topic
Why is a Chinese manufacturer's individual director on the US Iran sanctions list?
Timeline for Li Genping
Mentioned in: OFAC sanctions China's biggest SAR satellite firm
Iran Conflict 2026- Who is Li Genping and why was he sanctioned by the US?
- Li Genping is a Chinese national designated by OFAC on 8 May 2026 under the Iran conventional-arms transfer executive order for his links to Hitex Insulation Ningbo, which supplied thermal insulation materials to Iranian defence firm Pishgam Electronic Safeh.Source: OFAC
- What is Li Genping's role in the Iran arms procurement network?
- Li Genping is linked to Hitex Insulation Ningbo Co Ltd, the Ningbo-based manufacturer that supplied thermal insulation materials to Iran's Pishgam Electronic Safeh defence-electronics firm as part of the CITC arms-procurement network.Source: OFAC
- How do Chinese manufacturers knowingly supply Iranian defence programmes?
- Chinese manufacturers like Hitex operate in a grey zone where thermal insulation materials have civilian and military dual uses. Suppliers can claim ignorance of end-use while accepting payment through shell companies that clearly signal Iranian involvement.Source: OFAC
Background
Li Genping is a Chinese individual designated by OFAC on 8 May 2026 under the IRAN-CON-ARMS-EO executive order for his links to Hitex Insulation Ningbo Co Ltd, the Chinese thermal insulation manufacturer that supplied materials to Iranian defence-electronics firm Pishgam Electronic Safeh. His designation alongside the corporate entity follows OFAC's standard practice of targeting both the institutional and personal layers of a supply chain to prevent network reconstruction.
Li's role within Hitex Insulation, whether as a director, controlling shareholder, or operational manager, is documented in OFAC's underlying designation record. His designation as a Chinese national makes him the third individual named in the 8 May action, alongside Iranian Mohammadmahdi Maleki and Belarusian Mohammed Ali Tolibov, reflecting the genuinely multinational character of the CITC procurement network's personal-level architecture. Chinese nationals have appeared in Iran-sanctions individual designations in previous rounds, typically as controlling owners of small manufacturing or trading companies.
As with the other newly designated individuals in this action, publicly available biographical information on Li Genping is limited. The practical enforcement bite of his designation depends on whether Chinese financial institutions and counterparties apply the SDN listing in their own compliance frameworks, a step Beijing is unlikely to mandate given its position on US extraterritorial sanctions.
