1. The Pudong Branch of Shanghai Public Security Bureau informed the outside world that according to investors' reports, Shanghai Daguan Equity Investment Fund Management Co., Ltd. was placed on file for investigation on suspicion of illegally absorbing public deposits. At present, the public security organs have taken criminal compulsory measures against Fan, the actual controller of Daguan Company, Miao, the sales president and other 15 suspects.

2. After investigation, since July 20 15, "Daguan Company" has set up offline stores in Shanghai, Jiangsu, Zhejiang and other places without the approval of the relevant state departments, with the promise of paying a high return ranging from 7% to 13% as bait, and illegally raised funds from unspecified public by selling various wealth management products and unregistered private placement products. At present, the case is under further investigation.