CSRC: Taking lifetime ban from the securities market on former chairman of EasySee Tech, Leng Tianqing.

The China Securities Regulatory Commission issued an administrative penalty decision, which found that Yi Jian Co., Ltd. did not truthfully disclose its actual controlling shareholder in its annual reports from 2015 to 2018, and there were false records in its annual reports from 2015 to 2020. The former chairman, director, and general manager of Yi Jian Co., Ltd., Leng Tianqing, made decisions and organized the implementation of financial fraud, with particularly malicious means and serious consequences. Based on the facts, nature, circumstances, and severity of the social harm of the illegal acts of the parties involved, the China Securities Regulatory Commission decided to impose a lifetime ban on Leng Tianqing from the securities market. Starting from the date of the announcement of the decision by the China Securities Regulatory Commission, during the period of the ban, Leng Tianqing is not allowed to continue to engage in securities business at the original institution or serve as a director, supervisor, or senior management person of the original listed company or non-listed public company. Additionally, he is not allowed to engage in securities business at any other institution or serve as a director, supervisor, or senior management person of any other listed company or non-listed public company.