Nuortai Biology and related personnel were fined more than 47.4 million yuan for false statements.

The China Securities Regulatory Commission issued an administrative penalty decision, stating that Nuotec Biotechnology's 2021 annual report contained false information and significant false content in its public offering documents. The CSRC imposed administrative penalties on Nuotec Biotechnology and responsible individuals Zhao Dezong, Zhao Deyi, Jin Fuqiang, Tong Ziquan, Gu Haitao, and Xu Donghai. Nuotec Biotechnology was ordered to make corrections and fined 47.4 million yuan, Zhao Dezong was fined 13 million yuan, and Zhao Deyi, Jin Fuqiang, Tong Ziquan, Gu Haitao, and Xu Donghai were each fined 5 million, 3.3 million, 3 million, 3 million, and 1.5 million yuan, respectively.