A license is required to export US-origin items/technology to the entity, typically reviewed under a presumption of denial (e.g. BIS Entity List). It is not an asset freeze.
Added to the Entity List (15 CFR Part 744, Supplement No. 4) under destination China as "NetPosa" with three listed aliases (Dongfang Netpower Technology Co.; Dongfang Wangli Technology; NetPosa Technologies Ltd.), with a license requirement for specified ECCNs and items subject to the EAR and a case-by-case license review policy. The rule is effective June 5, 2020.