
CITYCHAMP AM's actual controller Xue Lixi received a notice of administrative penalty in advance

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The actual controller of CITYCHAMP AM, Xue Lixi, received the "Advance Notice of Administrative Penalty" from the Jiangxi Regulatory Bureau of the China Securities Regulatory Commission. Due to suggesting others buy and sell stocks to stabilize the stock price during February 2024, Xue Lixi is suspected of violating relevant provisions of the Securities Law. The Jiangxi Regulatory Bureau intends to impose a fine of 1.5 million yuan on him and issue a warning for his short-term trading behavior along with a fine of 300,000 yuan
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