Giant Network: Received the Administrative Supervision Measures Decision Letter from the Chongqing Securities Regulatory Bureau.
Giant Network Announcement: On April 29, 2026, the company received a "Decision on Administrative Supervisory Measures" issued by the Chongqing Regulatory Bureau of the China Securities Regulatory Commission. After investigation, the company was found to have engaged in violation of regulations. In September 2020, the company's wholly-owned subsidiary transferred 100% equity of Hefei Lingxi Interactive Network Technology Co., Ltd to Shanghai Zhuoxian Interactive Network Technology Co., Ltd. The funds for the equity transfer payment from Shanghai Zhuoxian were traced back to related parties of the company. The related parties provided fund loans to facilitate the completion of this transaction and were common participants in the transaction. The company failed to fulfill the relevant transaction review procedures and disclosure obligations for related transactions.
Latest

