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On July 1, Fucheng shares announced that it had recently received the "Advance Notice of Administrative Penalty" from Hebei Securities Regulatory Bureau
It was found that in 2018, as a shareholder of Fucheng shares holding more than 5% of the shares, Li Fucheng actually controlled the accounts of "Zhang Mingyu" and "Li Jun", which existed within 6 months after the purchase and 6 months after the sale.
The Hebei Securities Regulatory Bureau pointed out that the relevant behavior violated the provisions of the "Securities Law of the People's Republic of China" revised in 2005.