CICC announced that it was ordered by the China Securities Regulatory Commission to make corrections, give a warning, seize 2 million yuan of revenue from the sponsorship business, and impose a fine of 6 million yuan due to failure to diligently and conscientiously provide sponsorship services for the Silchip Science and Technology Innovation Board's IPO, and issued false records in documents such as the “Issuance of Sponsorship Letter”, which violated the relevant provisions of the Securities Law. Zhao Shanjun and Chen Liren, the sponsor representatives of the Silchip project, were warned and fined 1.5 million yuan each. The company said it will learn from the case, strengthen comprehensive rectification, and consolidate “gatekeeper” responsibilities. The company is currently operating normally.