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 "Tianjin Tiandi Weiye Technologies Co., Ltd., a.k.a. Tiandy Technologies," with a license requirement for all items subject to the EAR and a presumption-of-denial license review policy. The rule states it is effective December 16, 2022.