Besmay: The company's current actual controller, Chen Feng, was fined 4.5 million yuan.

Bassmei announcement that the company's then actual controller, Chen Feng, received an "Administrative Penalty Decision" issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission for failure to fulfill the obligation of a tender offer and illegal disclosure of information. Chen Feng was ordered to correct his behavior, given a warning, and fined 4.5 million yuan. This includes a fine of 1.5 million yuan for failing to fulfill the obligation of a tender offer and a fine of 3 million yuan for deliberately concealing changes in shareholding information leading to false disclosure of information.