Hithink royalflush information network announced that its subsidiary, Cloud Software Co., Ltd., received the "Administrative Supervision Measures Decision" from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission. Cloud Software Co., Ltd. was found to have marketing personnel using some customer success cases, displaying customer praise screenshots, past stock performance, and lacking risk warnings in their promotional materials; some marketing and service personnel engaged in exaggerated, misleading advertising and making implicit promises of returns; some investment advice providers were found to be unregistered as securities investment advisers; inadequate compliance control during live streaming business promotion, including implied stock recommendations; Cloud Software Co., Ltd. as the platform operator did not fulfill its compliance management responsibilities during the process of providing investment consulting services in cooperation with securities companies; inadequate compliance control during cooperation with affiliated companies in providing securities investment consulting services. The Zhejiang Regulatory Bureau decided to take administrative supervision measures against Cloud Software Co., Ltd., ordering corrective action and suspending the addition of new clients for a period of 3 months.