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Yahui Long: Fined 4 million yuan for suspected illegal information disclosure violations
People’s Financial News, March 17 — Yahui Long (688575) announced on March 17 that the company received an administrative penalty decision from the Shenzhen Securities Regulatory Bureau due to suspected violations of information disclosure laws and regulations. According to relevant provisions of the Securities Law, the company was ordered to make corrections, given a warning, and fined 4 million yuan. The company’s actual controller, Chairman Hu Kunhui, and Board Secretary Wang Mingyang were also warned and fined 2 million yuan and 1.5 million yuan respectively. The company’s various operations and business activities are proceeding normally.