Senior executives in Guangdong and China have been fined more than 5% on insider trading

NetEase Finance September 1 News Yue Fu Wah today announced that the company's original executive Li Teng received the SFC "Administrative penalty decision book", that it constituted the insider trading Act, confiscated its illegal income, and fined 69385.26 yuan.　　Yue Fu Wah said the board of directors on May 17, 2008 announced the company's former senior executives Li Teng because of "suspected illegal sale of the company's shares", the SFC filed investigation matters.　　Today, the Guangdong-rich share price is slightly higher, in a huge amount of push, a large attack, the plate rose over 5%, volume amplification. According to the decision on punishment, June 14, 2007, the company announced the shares of the company's 680 million-yuan dividend scheme, and announced that the investment income of 123 million yuan, the first half of 2007, the performance of 650%-700%. During this period, Li Teng operation of its parent securities account on June 12, 2007 to buy more than 30,000 shares Yue Fu Hua, and in the dividend plan announced the day sold, profit 69,400 Yuan.　　Huangwen operating his sister account in the period from June 1 to 14th, has bought and sold 30,900 shares Yue Fu hua, profit 48,800 yuan.　　The CSRC found that Li Teng and Huangwen know about the insider information of Yue Fu Hua's foreign investment dividend scheme, and the operation of the relative account before the disclosure of insider information to trade "Yue Fu Hua" stock, illegal "securities law" related provisions, constitute the insider trading behavior.　　The SFC has decided to confiscate $69385.26 from the illegal income arising from insider trading and to impose a fine of $69385.26, Huangwen the illegal income arising from insider trading and fined $48819.02 Li Teng. The company said that the punishment was the same as in 2007, Li Teng and Huangwen have resigned, no longer the company staff. The company's current directors, supervisors and senior management will take this as a ring, carefully learn and comply with the relevant securities laws and regulations, to ensure that the company operate in accordance with the law, standardize the operation, to prevent the recurrence of such acts.