On October 12, two decisions published on the website of the Zhejiang Securities Regulatory Bureau showed that during an on-site inspection of the private equity business of Hangzhou Junfu Investment Management Partnership, it was discovered that Junfu Investment had problems such as promoting to unspecified targets, failure to disclose information in accordance with contractual agreements, failure to establish a mechanism to defer payment of incentive bonuses, and private equity fund promotion by personnel not employed by the agency and institutions not qualified for fund sales. At the same time, as the legal representative and fund investment manager of Junfu Investment, Ye Zhijun did not diligently and carefully carry out relevant duties and obligations, and bears the main responsibility for the above issues. According to relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervisory and administrative measures to issue warning letters against Junfu Investment and Ye Zhijun, and record them in the securities and futures market integrity files.

On October 12, two decisions published on the website of the Zhejiang Securities Regulatory Bureau showed that during an on-site inspection of the private equity business of Hangzhou Junfu Investment Management Partnership, it was discovered that Junfu Investment had problems such as promoting to unspecified targets, failure to disclose information in accordance with contractual agreements, failure to establish a mechanism to defer payment of incentive bonuses, and private equity fund promotion by personnel not employed by the agency and institutions not qualified for fund sales. At the same time, as the legal representative and fund investment manager of Junfu Investment, Ye Zhijun did not diligently and carefully carry out relevant duties and obligations, and bears the main responsibility for the above issues. According to relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervisory and administrative measures to issue warning letters against Junfu Investment and Ye Zhijun, and record them in the securities and futures market integrity files.