Zhitong Finance App News, Zhenshitong (002771.SZ) announced that the company recently received the “Decision on Administrative Supervision Measures against Beijing Zhenshitong Technology Co., Ltd., Li Yuhua, and Li Chunyou” issued by the Beijing Securities Regulatory Bureau. The decision states:

The company disclosed the “Independent Director Nominee Statement” on April 29, 2022. Among them, item 35 is “There is no situation where the nominee is a director, supervisor or senior manager at more than five companies at the same time, including the company nominated this time”. Li Yuhua guarantees that the statement is true, accurate and complete, and that there are no false records, misleading statements or major omissions. After investigation, there were more than five companies where independent director Li Yuhua was simultaneously a director, supervisor, or senior manager. The company did not fully check the relevant positions of independent directors, and the content of the “Independent Director Nominee Statement” announced to the outside world did not match the facts.