Beijing Securities Regulatory Bureau has taken administrative supervision measures against Beijing Yong'an Wealth Investment Fund Management Co., Ltd by issuing a warning letter.

The Beijing Securities Regulatory Bureau has taken administrative regulatory measures against Beijing Yong'an Wealth Investment Fund Management Co., Ltd. by issuing a warning letter. After investigation, the Beijing Securities Regulatory Bureau found that the company engaged in the following behavior: managing and using the property of private equity funds without fulfilling their duties, and failing to perform their obligations of honesty, trustworthiness, prudence, and diligence. The above behaviors violate the provisions of Article 4, Paragraph 1 of the Interim Measures for the Supervision and Management of Private Investment Funds. In accordance with Article 33 of the Interim Measures.