Due to engaging in businesses that conflict with or are unrelated to private equity fund management, Yangzhou Xinmuc Investment has been issued a regulatory warning.

On January 29, the official website of the Jiangsu Regulatory Commission showed that after investigation, Yangzhou Xinmu Investment Management Co., Ltd. was found to be engaged in activities that conflict with or are unrelated to private fund management, in violation of relevant regulations. In accordance with relevant regulations, the Jiangsu Regulatory Commission has decided to issue a warning letter to Yangzhou Xinmu Investment as a form of administrative supervision, and has required them to take this matter seriously, learn from their mistakes, strengthen compliance management, and submit a report on the implementation within 30 days of receiving the decision.