ST Caesar announced that the company and related responsible persons have received the “Administrative Penalty Decision” issued by the Hainan Regulatory Bureau of the China Securities Regulatory Commission. According to the announcement, Caesars Tongsheng had the following illegal facts: during the period involved, the company occupied non-operating capital with the controlling shareholders and their related parties through the form of capital loans, accounts receivable being collected by related parties, payment of fees on behalf of related parties, entrustment loans, equity investments, advance payments, and factoring loans without a real business background. Furthermore, the company did not disclose the above information in a timely manner, and there are significant omissions in the relevant periodic reports. The Securities Regulatory Commission imposed administrative penalties on Caesar Tongsheng and those responsible.

ST Caesar announced that the company and related responsible persons have received the “Administrative Penalty Decision” issued by the Hainan Regulatory Bureau of the China Securities Regulatory Commission. According to the announcement, Caesars Tongsheng had the following illegal facts: during the period involved, the company occupied non-operating capital with the controlling shareholders and their related parties through the form of capital loans, accounts receivable being collected by related parties, payment of fees on behalf of related parties, entrustment loans, equity investments, advance payments, and factoring loans without a real business background. Furthermore, the company did not disclose the above information in a timely manner, and there are significant omissions in the relevant periodic reports. The Securities Regulatory Commission imposed administrative penalties on Caesar Tongsheng and those responsible.