China International Capital Corporation received the Administrative Penalty Advance Notice from the China Securities Regulatory Commission on October 25, 2024, because it was not diligent in its recommendation business for the initial public offering (IPO) of Shanghai Si'er Xin Technology Co., Ltd. on the STAR Market, issuing documents with false information, in violation of the Securities Law. The China Securities Regulatory Commission intends to order China International Capital Corporation to make corrections, issue a warning, and impose a total fine of 8 million RMB, while also imposing fines of 1.5 million RMB each on the sponsoring representatives Zhao Shanjun and Chen Liren. China International Capital Corporation stated that it accepts the penalty, will strengthen rectification, improve operational quality, and commit to strictly comply with disclosure obligations. The company's operations remain normal, and it urges investors to pay attention to investment risks.

China International Capital Corporation received the Administrative Penalty Advance Notice from the China Securities Regulatory Commission on October 25, 2024, because it was not diligent in its recommendation business for the initial public offering (IPO) of Shanghai Si'er Xin Technology Co., Ltd. on the STAR Market, issuing documents with false information, in violation of the Securities Law. The China Securities Regulatory Commission intends to order China International Capital Corporation to make corrections, issue a warning, and impose a total fine of 8 million RMB, while also imposing fines of 1.5 million RMB each on the sponsoring representatives Zhao Shanjun and Chen Liren. China International Capital Corporation stated that it accepts the penalty, will strengthen rectification, improve operational quality, and commit to strictly comply with disclosure obligations. The company's operations remain normal, and it urges investors to pay attention to investment risks.