scroogemegawaysslot| Rongxin Capital was ordered by supervision to correct due to excessive reduction of Asikai's shares

Beijing Business News (Reporter Liu Yuyang Hao Yan) May 20scroogemegawaysslot, the Guangdong Securities Regulatory Bureau issued an announcement stating that after investigation, as of December 17, 2023, Rongxin Capital Excellence No. 1 Private Equity Fund managed by Rongxin Capital Investment (Shenzhen) Co., Ltd.(hereinafter referred to as "Rongxin Capital") held Aisikai (300521) Technology Co., Ltd.(hereinafter referred to as "Aisikai") 6scroogemegawaysslot.53% shares, Rongxin Capital Excellence No. 1 Private Equity Fund reduced its holdings of 2.88 million shares of Asikai through a block transaction on December 18, 2023. After the reduction, Rongxin Capital Excellence No. 1 Private Equity Fund held Asikai 4.53% shares.

Rongxin Capital did not stop buying and selling Asikai shares when Rongxin Capital Excellence No. 1 Private Equity Fund's proportion of Asikai shares fell to 5%, and reduced its holdings by 0.47% over the proportion. The above behaviors violated many regulations. Therefore, the Guangdong Securities Regulatory Bureau decided to take administrative supervision measures against Rongxin Capital to order corrections.