Shenzhen Stock Exchange: Imposing public disciplinary actions on *ST Gao Hong and related parties

On April 18th, the Shenzhen Stock Exchange issued a decision on imposing public recognition and other disciplinary actions on Datang Gaohong Network Co., Ltd. and related parties. Based on the facts found in the China Securities Regulatory Commission's "Administrative Penalty Decision," Gaohong Network and related parties were found to have engaged in the following violations: false records in annual reports from 2015 to 2023 and false records in documents related to the non-public offering of shares in 2020. The Shenzhen Stock Exchange decided: 1. To impose a public recognition of being unsuitable for serving as directors or senior executives of listed companies for ten years on Fu Jinglin, the then chairman and general manager of Datang Gaohong Network Co., Ltd., and Jiang Qing, the actual controller of Nanjing Qingya; and a five-year public recognition of being unsuitable for serving as directors or senior executives of listed companies on Ding Mingfeng, the then vice general manager, CFO, and board secretary of Datang Gaohong Network Co., Ltd. 2. To publicly condemn Datang Gaohong Network Co., Ltd. 3. To publicly condemn Fu Jinglin, Ding Mingfeng, Cao Bingjiao, Duan Maozhong, Liu Hongyun, Zhang Xinzhong, Yao Yinjie, Hou Yucheng, Gao Ling, and Jiang Qing for their roles as directors, executives, or shareholders in Datang Gaohong Network Co., Ltd. or related companies.