According to the Zhitong Finance App, Hongbo Co., Ltd. (002229.SZ) announced that the company's chairman Mao Wei recently received the “Decision on Issuing Warning Letter Measures against Mao Wei” from the Fujian Regulatory Bureau of the China Securities Regulatory Commission (China Securities Regulatory Commission, Fujian Regulatory Bureau Administrative Supervision Measures Decision [2023] No. 6).

After investigation, while Mao Wei was the chairman of Hongbo Co., Ltd., Mao Wei's mother, Ho Weiping's securities account bought a total of 30,700 shares of Hongbo shares from August 24, 2022 to February 9, 2023, and sold a total of 30,700 shares of Hongbo shares, in violation of section 44 of the “Securities Law of the People's Republic of China” and constituted a short-term transaction. According to section 170 (2) of the Securities Law, the Fujian Securities Regulatory Bureau decided to take administrative supervision measures by issuing a warning letter against Mao Wei.