Gelonghui, December 28 | The Supreme Prosecution held a press conference on “Giving full play to the role of procuratorial functions to ensure high-quality financial development in accordance with the law” to release examples of the 2023 financial inspection work case, including the “Zhangzi Island” case involving illegal disclosure of important information. On January 20, 2022, the Dalian Municipal People's Procuratorate of Liaoning Province prosecuted Wu XX, the former chairman and president of the Zhangzidao Company, and others in the Dalian Intermediate People's Court for illegal disclosure of important information, fraud, collusive bidding, bribery of non-state workers, and bribery of non-state workers. On October 31, 2022, the Dalian Intermediate People's Court handed down a ruling, punishing the defendant Wu several of the crimes of disclosing important information in violation of regulations, fraud, collusive bidding, and bribing non-state workers. It decided to sentence him to 15 years in prison and a fine of RMB 920,000 yuan; 11 other defendants were each sentenced to 11 years in prison to 1 year and 7 months in prison (suspended sentences are partially applicable), and fines. Five people including Mr. Wu filed an appeal after the verdict was handed down. On May 25, 2023, the Liaoning Provincial High People's Court ruled in the second instance to dismiss the appeal and uphold the original judgment.