The China Securities Regulatory Commission fines Gao Hong Corporation 135 million yuan.

The China Securities Regulatory Commission has issued an administrative penalty decision, stating that Great Tang Gao Hong Network Co., Ltd. has engaged in the illegal behavior of falsifying periodic reports, as well as the illegal behavior of fraudulent issuance of shares in 2020. Taking into account the above, the following actions are taken: 1. Great Tang Gao Hong Network Co., Ltd. is ordered to make corrections, given a warning, and fined 135 million yuan. 2. Fu Jinglin is given a warning and fined 7.5 million yuan. 3. Ding Mingfeng is given a warning and fined 6 million yuan. 4. Cao Bingjiao is given a warning and fined 5 million yuan. 5. Gao Ling and Duan Maozhong are given warnings and fined 2 million yuan each. 6. Liu Hongyun is given a warning and fined 1.75 million yuan. 7. Zhang Xinzho is given a warning and fined 1 million yuan. 8. Hou Yucheng and Yao Yinjie are given warnings and fined 750,000 yuan each. 9. Jiang Qing is given a warning and fined 7 million yuan. Fu Jinglin and Jiang Qing's illegal behavior is more serious, while Ding Mingfeng's illegal behavior is serious. The Securities Regulatory Commission has decided to impose a 10-year ban on Fu Jinglin and Jiang Qing from the securities market, and a 5-year ban on Ding Mingfeng.