Hezong Science & Technology and related parties received an administrative penalty decision
Hezong Science & Technology and related parties received an administrative penalty decision from the Beijing Regulatory Bureau of the China Securities Regulatory Commission. The company was ordered to make corrections, given a warning, and fined 4 million yuan; Liu Zegang, Wei Qiang, and Zhang Xiaoyi were fined 3 million yuan, 1.5 million yuan, and 1 million yuan respectively
According to the announcement from Zhitong Finance APP, Hezong Science & Technology (300477.SZ) stated that the company and related parties (Liu Zegang, Wei Qiang, Zhang Xiaoyi) received the "Administrative Penalty Decision" issued by the Beijing Regulatory Bureau of the China Securities Regulatory Commission. In accordance with the provisions of Article 197, Paragraph 2 of the Securities Law, the Beijing Regulatory Bureau decided to order Hezong Science & Technology Co., Ltd. to make corrections, issue a warning, and impose a fine of 4 million yuan; issue a warning to Liu Zegang and impose a fine of 3 million yuan; issue a warning to Wei Qiang and impose a fine of 1.5 million yuan; issue a warning to Zhang Xiaoyi and impose a fine of 1 million yuan
