Upon inquiry by official website of China Securities Regulatory Commission, the issuer, listed company or other information disclosure obligor failed to disclose information as required, or the information disclosed contained false records, misleading statements or major omissions, and was fined.

China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) is a ministerial-level institution directly under the State Council. According to laws and regulations and the authorization of the State Council, it uniformly supervises and manages the national securities and futures market, maintains the order of the securities and futures market, and ensures its legal operation.