The Department of Defense has identified several companies as "Chinese military companies" in accordance with the 2021 National Defense Authorization Act. This list includes entities such as 360 Security Technology, Huawei, and Tencent Holdings, among others. These designations mean the companies are linked to the Chinese military, and the list must be updated and published annually until 2030. Companies on this list have the option to request reconsideration if they believe they were wrongly included.
Simple Explanation
The U.S. Department of Defense says some companies, like Huawei and Tencent, are connected to the Chinese military and wants to tell people who these companies are; if a company thinks it's on the list by mistake, it can ask to be taken off.