Zhitong Financial App News, We Home (603326.SH) issued an announcement. On September 7, 2023, the company disclosed the “Notice Concerning Shareholders Receiving a Case Filing Notice from the China Securities Regulatory Commission” (Notice No. 2023-045). Shareholder Yu Fan Yi and his co-actors Liu Fujuan, Yantai Iwei Management Co., Ltd., Tibet Ivy Venture Capital Co., Ltd., and Yantai Evie Trading Co., Ltd. were investigated by the China Securities Regulatory Commission (hereinafter referred to as “China Securities Regulatory Commission”) due to alleged disproportionate reductions in holdings. On September 15, 2023, the company learned that the aforementioned shareholders had received the “Advance Notice of Administrative Penalties” issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission.
According to reports, Yu Fanyi and his co-actors collectively hold more than 5% of the shares in “My Home”. After the total reduction in our holdings reached 5%, Yu Fan Yi, Evie Management, Evie Entrepreneurship, and Evie Trading did not stop trading according to regulations. This act violates the relevant provisions of Section 36 (1) and Article 63 (2) of the “Securities Law” (hereinafter referred to as the “Securities Law”), and constitutes a situation where shares are transferred within an illegal period of time as described in Section 186 of the “Securities Law”.
The Jiangsu Securities Regulatory Bureau decided to order corrections and give warnings to Fan Yi, Yantai Evie Trading Co., Ltd., Tibet Evie Venture Capital Co., Ltd., and Yantai Evie Management Co., Ltd. to confiscate 16.534,900 yuan of illegal proceeds and fine 32.95 million yuan. Among them: (1) Fan Yi's illegal proceeds were confiscated 254,3829 yuan and fined 50,000 yuan; (2) Yantai Evie Trading Co., Ltd. was confiscated 1,1791 million yuan of illegal proceeds and fined 2.3 million yuan; (3) Tibet Evie Venture Capital Co., Ltd. was confiscated 4,011,400 yuan of illegal proceeds and a fine of 8 million yuan; (4) Yantai Evie Management Co., Ltd. was confiscated 113.19 million yuan of illegal proceeds and a fine of 22.6 million yuan.