Huaxin Securities Branch One was warned by regulators for not properly evaluating the clean business practices of its employees according to regulations.

On September 16th, the Sichuan Securities Regulatory Bureau issued a document stating that after investigation, the Chengdu Dongda Street Securities Business Department of Huaxia Securities Co., Ltd. did not conduct inspections and evaluations on the integrity and compliance of employees during their tenure as required by regulations, which violated relevant provisions. In accordance with relevant regulations, the Sichuan Securities Regulatory Bureau has decided to issue a warning letter to the Chengdu Dongda Street Business Department of Huaxia Securities as an administrative supervision measure. At the same time, the Sichuan Securities Regulatory Bureau pointed out that during his tenure at the Chengdu Ling'an Road Business Department of Huaxia Securities, Tian Ke engaged in recommending false financial products to clients in order to seek unfair benefits, causing significant losses to clients. In accordance with relevant regulations, the Sichuan Securities Regulatory Bureau has decided to take administrative supervision measures to order Tian Ke to correct his behavior.