The China Securities Regulatory Commission issued a warning letter to Caitong Securities.

The China Securities Regulatory Commission (CSRC) has decided to issue a warning letter to Caitong Securities, pointing out that the company has engaged in misconduct such as inadequate execution of bond internal control mechanisms, improper due diligence in underwriting, and failure to fulfill entrusted management responsibilities. These behaviors violate multiple regulations, and the CSRC has taken administrative regulatory measures in accordance with relevant laws and regulations.