Beijing Securities Regulatory Bureau takes administrative supervision measures by issuing a warning letter to China Financial Services Group Investment Limited Company.

The Beijing Securities Regulatory Bureau has taken administrative supervision measures by issuing a warning letter to Zhongcai Financial Holdings Investment Co., Ltd. After investigation, the company was found to have the following situations: first, in managing and using the property of private equity funds, it did not fulfill the duty of honesty, diligence, and prudence. Second, it did not assess investors' risk identification ability and risk-taking capacity. The above behavior violated the provisions of Article 4(1) and Article 16(1) of the Interim Measures for the Supervision and Administration of Private Equity Investment Funds. In accordance with Article 33 of the Interim Measures, our bureau has decided to take administrative supervision measures by issuing a warning letter to the company. The company should further enhance its awareness and capabilities in compliance operations, fulfill its duties as a private equity fund manager, and effectively protect the legitimate rights and interests of investors.