Chairman Duan Maozhong of China Tang Telecom (600198.SH) received a prior notice letter of administrative penalty from the China Securities Regulatory Commission.

Wisdom Finance APP news, Datang Telecom (600198.SH) released an announcement, the company recently received notification from Mr. Duan Maozhong, the chairman of the supervisory board, that, due to non-company matters, Mr. Duan Maozhong received the "Notice of Administrative Penalty in Advance" (Penalty No. [2025]62) issued by the China Securities Regulatory Commission (referred to as the "CSRC"). Mr. Duan Maozhong is suspected of violating the laws and regulations on information disclosure during his tenure at Datang Gaohong Network Co., Ltd., and the CSRC has delivered the "Notice of Administrative Penalty in Advance" to the company and him. The CSRC intends to give Mr. Duan Maozhong a warning and impose a fine of 2 million yuan.