Beijing Securities Regulatory Bureau: take administrative supervision measures by issuing warning letters to Gome Holdings Group Co., Ltd.

[Beijing Securities Regulatory Bureau: administrative Supervision measures for Gome holding Group Co., Ltd.] the Beijing Securities Regulatory Bureau recently issued a decision on administrative supervision measures for Gome holding Group Co., Ltd. Gome holding Group Co., Ltd., as a shareholder of Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd., defaulted due to margin trading, the Zhongguancun shares held by the company were forced to close their positions by CITIC Securities Co., Ltd. by way of centralized bidding from February 1 to February 3, 2023, reducing the number of shares to 15.621 million shares. Of these, 10.2234 million shares came from non-public offerings, accounting for 1.36 per cent of Zhongguancun's total share capital. The company did not report and disclose the reduction plan to the stock exchange 15 trading days before the first sale, and the number of shares reduced through centralized competitive trading on the stock exchange within three months exceeded 1% of the total number of shares of the company.