On November 5, the Jiangxi Securities Regulatory Bureau issued an announcement stating that after investigation, Gongqingcheng Panshi Investment Management Partnership had problems with overdue administrative supervision measures after being ordered by the Jiangxi Securities Regulatory Bureau to correct administrative supervision measures. As the executive partner of Gongqingcheng Panshi Investment, Chen Nanping appointed representative and responsible person and is responsible for the above irregularities. The Jiangxi Securities Regulatory Bureau said that the above situation violates relevant regulations and decided to take administrative supervision measures against Gongqingcheng Panshi Investment to suspend private equity fund fund-raising for 6 months. Private equity fund fund-raising business cannot be carried out within 6 months from the date this regulatory decision is made. After the suspension period expires, the Jiangxi Securities Regulatory Bureau will organize an inspection depending on the rectification situation. Private equity fund fund-raising operations will not be carried out until the inspection is passed. The above administrative supervision measures are recorded in the securities and futures market integrity file. At the same time, the Jiangxi Securities Regulatory Bureau decided to take administrative supervision measures to supervise Chen Nanping and record it in the securities and futures market integrity file.

On November 5, the Jiangxi Securities Regulatory Bureau issued an announcement stating that after investigation, Gongqingcheng Panshi Investment Management Partnership had problems with overdue administrative supervision measures after being ordered by the Jiangxi Securities Regulatory Bureau to correct administrative supervision measures. As the executive partner of Gongqingcheng Panshi Investment, Chen Nanping appointed representative and responsible person and is responsible for the above irregularities. The Jiangxi Securities Regulatory Bureau said that the above situation violates relevant regulations and decided to take administrative supervision measures against Gongqingcheng Panshi Investment to suspend private equity fund fund-raising for 6 months. Private equity fund fund-raising business cannot be carried out within 6 months from the date this regulatory decision is made. After the suspension period expires, the Jiangxi Securities Regulatory Bureau will organize an inspection depending on the rectification situation. Private equity fund fund-raising operations will not be carried out until the inspection is passed. The above administrative supervision measures are recorded in the securities and futures market integrity file. At the same time, the Jiangxi Securities Regulatory Bureau decided to take administrative supervision measures to supervise Chen Nanping and record it in the securities and futures market integrity file.