On December 9, the Hebei Securities Regulatory Bureau took administrative supervision measures against Great Wall Life by issuing a warning letter. According to the administrative supervision measures decision issued by the Hebei Securities Regulatory Bureau, it was decided to take supervisory measures to issue a warning letter against Great Wall Life Insurance Co., Ltd., and Great Wall Life did not stop trading Xintian Green Energy shares when holding 5% of Xintian Green Energy's shares, in violation of Article 36 (2) and Article 63 (1) of the “Securities Law of the People's Republic of China”. According to the provisions of Article 170 (2) of the “Securities Law of the People's Republic of China”, it was decided to take administrative supervision measures to issue a warning letter against Great Wall Life. In response, Great Wall Life said that this violation was not due to ignorance of the rules, but rather a real-time connection between dynamic monitoring and transaction execution in actual operation. In response to this, in the future, the company will further improve the internal control management mechanism and the entire risk prevention and control process, strictly implement transaction compliance requirements, and resolutely prevent such problems from happening again.

On December 9, the Hebei Securities Regulatory Bureau took administrative supervision measures against Great Wall Life by issuing a warning letter. According to the administrative supervision measures decision issued by the Hebei Securities Regulatory Bureau, it was decided to take supervisory measures to issue a warning letter against Great Wall Life Insurance Co., Ltd., and Great Wall Life did not stop trading Xintian Green Energy shares when holding 5% of Xintian Green Energy's shares, in violation of Article 36 (2) and Article 63 (1) of the “Securities Law of the People's Republic of China”. According to the provisions of Article 170 (2) of the “Securities Law of the People's Republic of China”, it was decided to take administrative supervision measures to issue a warning letter against Great Wall Life. In response, Great Wall Life said that this violation was not due to ignorance of the rules, but rather a real-time connection between dynamic monitoring and transaction execution in actual operation. In response to this, in the future, the company will further improve the internal control management mechanism and the entire risk prevention and control process, strictly implement transaction compliance requirements, and resolutely prevent such problems from happening again.