[Caihua Social News] Song du Service (09608.HK) announced that according to the previous announcement, Mr. Yu Jianwu, the company's controlling shareholder, received a notice from the China Securities Regulatory Commission.
On December 23, 2021, the board of directors received notification from Mr. Yu that the CSRC had completed the investigation into Mr. Yu's suspected stock insider trading and issued a written decision on administrative penalty to Mr. Yu on December 22, 2021. The China Securities Regulatory Commission decided to confiscate Mr. Yu's payment of about 36.8 million yuan from the exchange and impose a further fine of about 110.4 million yuan.