The China Securities Regulatory Commission (CSRC) has seriously investigated and dealt with the serious financial fraud case of *ST Gaohong, a main board listed company of the Shenzhen Stock Exchange in Guizhou jurisdiction.

The China Securities Regulatory Commission has informed the Shenzhen Stock Exchange that the listed company Da Tang Gao Hong Network Co., Ltd. is suspected of illegally disclosing information and will be subject to administrative penalties in accordance with the law. After investigation, *ST Gao Hong has been found to have engaged in non-commercial notebook computer "runaround" and "circular trading" business for a long time, significantly inflating its revenue and profits, which violates securities laws and regulations. The commission plans to fine the relevant responsible parties 160 million yuan and the third parties involved in the fraud 7 million yuan. *ST Gao Hong is suspected of meeting the conditions for mandatory delisting, and the Shenzhen Stock Exchange will initiate delisting procedures in accordance with the law. As for any potential criminal clues, the commission will adhere to the principle of transferring cases promptly, and strictly follow the provisions of the Criminal Law and the criteria for filing and prosecuting criminal cases by the Supreme People's Procuratorate and the Ministry of Public Security when transferring them to the public security organs.