On December 20, Gelonghui reported that the China Securities Regulatory Commission issued an administrative penalty decision. From August 20, 2018 to December 27, 2018 (during the manipulation period), Chen ****yi, Chen ****zeng, Ye ****, Lv Yan, Gao Yuedong and others cooperated with Yuan Da, Wu Shuo, and Li Xuesen in stock trading. Chen ****yi, Chen ****zeng, Ye ****, Lv Yan, and Gao Yuedong provided part of the Account and funds, while Yuan Da, Wu Shuo, and Li Xuesen made trading decisions, provided trading venues, and arranged staff for placing orders. During the manipulation period, the aforementioned parties actually controlled and used 53 Accounts, impacting the stock price of ‘Qingdao Weflo Valve’ by continuously buying and selling through concentrated capital advantages, holding advantages, and trading among their own controlled Accounts. It was calculated that the Account group made profits of 16,537,712.31 yuan from the manipulative behavior. The China Securities Regulatory Commission decided to confiscate the illegal gains of 16,537,712.31 yuan from Chen ****yi, Chen ****zeng, Ye ****, Lv Yan, Gao Yuedong, Yuan Da, Wu Shuo, and Li Xuesen, with Chen ****yi bearing 3,468,856.16 yuan, Yuan Da bearing 3,468,856.16 yuan, Wu Shuo bearing 3,000,000 yuan, Li Xuesen bearing 1,800,000 yuan, Chen ****zeng bearing 1,500,000 yuan, Lv Yan bearing 1,500,000 yuan, Ye **** bearing 1,000,000 yuan, and Gao Yuedong bearing 800,000 yuan. Additionally, a fine of 33,075,424.62 yuan was imposed, with Chen ****yi bearing 6,937,712.31 yuan, Yuan Da bearing 6,937,712.31 yuan, Wu Shuo bearing 6,000,000 yuan, Li Xuesen bearing 3,600,000 yuan, Chen ****zeng bearing 3,000,000 yuan, Lv Yan bearing 3,000,000 yuan, Ye **** bearing 2,000,000 yuan, and Gao Yuedong bearing 1,600,000 yuan. Due to the serious nature of the violations by Chen ****yi and Chen ****zeng, the China Securities Regulatory Commission decided to impose a 6-year ban on Chen ****yi from the securities market and a 4-year ban on Chen ****zeng from the securities market. From the date of the decision announced by the China Securities Regulatory Commission, during the ban period, they are prohibited from engaging in securities business or serving as Directors, Supervisors, or senior management personnel of listed companies or non-listed public companies.