Century Huatong announced that the company's shareholders, Shanghai Yaoqu Network Technology Partnership, Shanghai Yicusheng Enterprise Management Consulting Partnership, Shanghai Jiyu Fan Enterprise Management Consulting Partnership, and Zhejiang Huatong Holding Group Co., Ltd. received the Zhejiang Securities Regulatory Bureau's “Administrative Supervision Measures Decision” due to failure to fulfill the 2020 performance commitment and compensation obligations, and were ordered to take corrective measures and recorded in the integrity file. Among them, Ji Yu Fan has completed share compensation, Yao Quru and Yi Qusheng have not fulfilled their compensation obligations, and Huatong Holdings has failed to fulfill guarantee obligations.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.