Recently, the State Administration for Market Regulation announced a batch of administrative penalty decisions, determining that Hunan Mingming is very busy Commercial Chain Co., Ltd. (hereinafter referred to as "Mingming is very busy Group") had not reported in advance the implementation of operator concentration during the merger of Snacks are Very Busy and Zhao Yiming Snacks Co., Ltd., resulting in a fine of 1.75 million yuan. The Mingming is very busy Group stated that it resolutely complies with this penalty, sincerely accepts it, and has strictly cooperated with law enforcement agencies to complete the relevant investigation work in accordance with relevant regulations. This incident profoundly reminds us of the importance of improving internal control mechanisms. In the future, we will continue to strengthen the company's compliance governance system to contribute more to the high-quality development of the Industry. (Sina Technology)