On November 4, the Zhejiang Securities Regulatory Bureau website published a decision to issue a warning letter against Longquan Yunfeng Private Equity Fund Management Co., Ltd. After investigation, the company had the following problems in carrying out private equity fund business: 1. Non-company personnel participated in capital raising and customer management; 2. Failure to be diligent and conscientious, failed to handle fund liquidation and information disclosure obligations as agreed in the contract, and did not invest in accordance with the scope of investment agreed in the contract; 3. There were false records of information submitted by some managers and fund managers; 4. Confusion with personnel from other affiliated companies; 5. Failure to properly maintain appropriate management materials for individual investors. According to relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervisory and administrative measures to issue a warning letter against Longquan Yunfeng Private Equity Fund Management Co., Ltd. and record it in the securities and futures market integrity file.

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