Financial Coffee has had its fund sales license revoked by regulators.

After the Shanghai Securities Regulatory Bureau stopped the business of Shanghai Caikafei Fund Sales Co., Ltd., on July 18th, the China Securities Regulatory Commission finally decided to revoke the fund sales license of Shanghai Caikafei Fund Sales Co., Ltd. In recent years, Caikafei has been out of contact for a long time, and regulatory penalties have been repeatedly issued but have not been delivered. At the same time, because it did not publicize its annual report within the deadline specified in Article 8 of the Provisional Regulations on the Publicity of Enterprise Information, Caikafei has been included in the list of abnormal businesses by the Shanghai Municipal Market Supervision Administration.