Founder Securities: received written decision of administrative penalty from CSRC

China Securities Network News (Reporter Shang Hai) Founder Securities announced on the evening of 9th that on May 9, 2017, the company received the China Securities Regulatory Commission written decision of administrative penalty ([2017] No. 42), china Securities Regulatory Commission shall impose relevant administrative penalties on the company and relevant responsible subjects.

The CSRC decided to order Founder Group, Lide science and technology, Tibet Zhaorong and Founder Securities to make corrections, give a warning, and impose a fine of 600000 yuan respectively; Give a warning to Li You and He Qicong, and impose a fine of 300000 yuan respectively; Give a warning to Yu Li, Hao Limin and Lei Jie, and impose a fine of 100000 yuan respectively; Give a warning to Wei Junmin, and impose a fine of 50000 yuan.

The company said that the penalty amount involved in this administrative penalty has been fully included in the estimated liabilities in 2016. This administrative penalty has no significant impact on the company’s current profits and post-term profits, and the company’s current operating conditions are normal.


China Securities Network News (Reporter Shang Hai) Founder Securities announced on the evening of 9th that on May 9, 2017, the company received the China Securities Regulatory Commission written decision of administrative penalty ([2017] No. 42), and the China Securities Regulatory Commission made an announcement on the company and related responsible subjects.

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