Recently, the Peking Financial Court publicly held a hearing for an administrative first-instance case, in which the director of the Peking Securities Regulatory Bureau, Jia Wenqin, appeared in court, attracting attention from all parties. According to the Peking Financial Court's disclosure, on December 22, 2023, the Peking Securities Regulatory Bureau made an administrative penalty decision and a market ban decision, confirming that a certain Technology Group had been committing financial fraud for several years. The revenue generated from the sales related to the case should have been offset when preparing the consolidated financial statements but was not, and there were false records in the information disclosure. A journalist reviewed relevant materials and found that the aforementioned Technology Group is indeed the Xiwai Group, which encompasses financial fraud, severe insolvency, supervision penalties, and was delisted from A-shares in June 2021.