On September 13th, Kailonhui announced that it has received the Administrative Penalty Decision Letter issued by the China Securities Regulatory Commission. Hifuture Information Technology underreported sales expenses by 222.1429 million yuan in 2019, underreported cost of goods sold by 8 million yuan, and inflated profits by 230.1429 million yuan. In 2020, sales expenses were underreported by 76.2435 million yuan, and profits were inflated by 76.2435 million yuan. Among them, the inflated profits in 2019 and 2020 accounted for 140.19% and 7.88% of the disclosed profit for the period, respectively. In 2019 and 2020, assets were inflated by 252.7443 million yuan and 328.9878 million yuan, respectively, accounting for 6.53% and 16.40% of the disclosed total assets for the period.
Decision: 1. Give a warning to Chongqing Hifuture Information Technology Co., Ltd. and impose a fine of 2 million yuan; 2. Give a warning to Kou Han and impose a fine of 3 million yuan; 3. Give a warning to Wang Chaoyong and impose a fine of 1 million yuan; 4. Give a warning to Zhao Hongyan and Zhu Bo and impose fines of 0.5 million yuan each.
