Yongjin Technology Group (603995.SH)'s controlling shareholder Cao Peifeng was fined more than six million yuan by the Zhejiang Securities Regulatory Bureau for insider trading and short-term trading.

Yongjin Technology Group (603995.SH) announced that on January 9, 2025, the company's actual controller Cao Peifeng received an "Administrative Penalty Decision" (No. [2025]6) issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission. Based on the facts, nature, circumstances and social harm of the illegal activities of the parties involved, the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission has decided: 1. For the first insider trading offense, in accordance with Article 191(1) of the Securities Law, Cao Peifeng is ordered to lawfully dispose of the illegally held securities, confiscate the illegal gains of 549,164.97 yuan, and impose a fine of 2,745,824.85 yuan. 2. For the second insider trading offense, in accordance with Article 191(1) of the Securities Law, Cao Peifeng is ordered to lawfully dispose of the illegally held securities and impose a fine of 2.5 million yuan. 3. For short-term trading activities, in accordance with Article 189 of the Securities Law, Cao Peifeng is given a warning and imposed a fine of 600,000 yuan. Taking the above three items into consideration, our bureau has decided to: order Cao Peifeng to lawfully dispose of the illegally held securities, give a warning to Cao Peifeng, confiscate the illegal gains of 549,164.97 yuan, and impose a fine of 5,845,824.85 yuan.